Mary signed up and paid $1,080 for a 6 month ceramics course on June 1^stwith Choplet Ceramics. As of August 1^st, Choplet's accounting records would indicate:

Multiple Choice

• $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