On September 1, Patterson Maintenance Company contracted to provide monthly maintenance services for the next five months at a rate of $ 2,900 per month. The client paid Patterson $ 14,500 on September 1. Assuming Patterson records deferred revenues using the alternative treatment, what would be the entry on September 1?

A.

Debit Cash and credit Service Revenue for $14,500

B.

No entry is needed until the services are performed

C.

Debit Cash and credit Unearned Revenue for $14,500

D.

Debit Prepaid Maintenance and credit Cash for $ 14,500