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Mitch signed up and paid $1,800 for a 6 month ceramics course on June 1 st with Choplet Ceramics. As of August 1 st ,
Mitch signed up and paid $1,800 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate:
Multiple Choice
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$600 of revenue, $1,200 of accounts receivable
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$600 of revenue, $1,200 of deferred revenue
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$1,800 of revenue, $1,800 of cash
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$1,200 of revenue, $600 of accounts receivable
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