Freedom Air Collected $165,000 in February for Charter Flights Booked

Multiple Choice

Freedom Air collected $165,000 in February for charter flights booked for March and April and properly recorded the amount collected as Unearned Charter Revenue. The flights provided during March earned revenue of $83,400. The correct entry to record the revenue earned in March is:

A) Debit Cash $83,400; credit Flight Revenue $83,400.
B) Debit Unearned Charter Revenue $83,400; credit Flight Revenue $83,400.
C) Debit Unearned Charter Revenue $165,000; credit Flight Revenue $165,000.
D) Debit Flight Revenue $81,600; credit Accounts Receivable 81,600.
E) Debit Unearned Charter Revenue $83,400; credit Accounts Receivable $83,400.