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Mary signed up and paid $1,080 for a 6 month ceramics course on June 1 st with Choplet Ceramics. As of August 1 st ,
Mary signed up and paid $1,080 for a 6 month ceramics course on June 1stwith Choplet Ceramics. As of August 1st, Choplet's accounting records would indicate:
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- $360 of revenue, $720 of accounts receivable
- $360 of revenue, $720 of deferred revenue
- $1,080 of revenue, $1,080 of cash
- $720 of revenue, $360 of accounts receivable
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