the City of Devonville mails property tax bills to property owners throughout the city. Total billings are $3,000,000. Of this amount, 90% is expected to be collected by December 31, Devonvilles year-end. Another 5% is expected to be collected during the first two months of 2022. Two percent is expected to be collected late in 2022. The remainder is expected to be uncollectible. Deferred Property Tax Revenue will be

A) Debited for $60,000.

B) Credited for $60,000.

C) Debited for $210,000.

D) Not be recorded.