Disco World Began Its Business on November 1 and Sold

Multiple Choice

Disco World began its business on November 1 and sold contracts to twelve students for dance lessons that day.The lessons cost $375 per person for a three-month period and the students are required to pay in advance. The journal entry to record this transaction would include the receipt of cash on November 1 a credit to:

A) Cash.
B) Deferred Revenue.
C) Dance Lessons Revenue.
D) Dance Lessons Payable.