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Mary signed up and paid $1,200 for a 6 month ceramics course on June 1 st with Choplet Ceramics. As of July 1 st ,

Mary signed up and paid $1,200 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of July 1st, Choplet's accounting records would indicate:

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$200 of revenue, $1,000 of deferred revenue

$400 of revenue, $800 of deferred revenue

$0 of revenue, $1,200 of deferred revenue

$800 of revenue, $400 of accounts receivable

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