On March 3rd, your company negotiated a contract with a customer to develop an advertising campaign for one of their new products. The campaign is to run on local and network TV during the summer. Your company received P102,600 cash from the customer. Based on this information, your company should

a.

debit cash and credit advertising revenue.

b.

debit advertising revenue and credit cash.

c.

debit cash and credit unearned revenue

d.

not record the transaction since the campaign will not run until the summer.