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What is the journal entry to record the receipt of cash

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Problem 1: Zilong Company received $3,600 on January 1, 2020 from a customer for annual magazine subscriptions. The magazines will be delivered on the 1st of each month, starting April 1. What is the journal entry to record the receipt of cash from the customer on January 1?

Select one:

a. Debit Cash $3,600, Credit Unearned Revenue $3,600
b. Debit Cash $3,600, Credit Revenue $3,600
c. Debit Revenue $3,600, Credit Unearned Revenue $3,600
d. Debit Unearned Revenue $3,600, Credit Revenue $3,600

Reference no: EM132696917

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