On January $1,2020$ Pool Service, Inc. received $$7,200$ from a customer for a two$-$year pool service agreement. The firm prepares monthly financial statements. When the firm is preparing its monthly financial statements for November $2020,$ what journal entry will it make?

Group of answer choices

None of the other answers are correct

Debit sales, credit prepaid revenue

Debit sales, credit cash

Debit accounts receivable, Credit sales

No enty would be necessary at that time

Debit cash, credit sales