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  3. 4. on june 1st, michelob signed up and paid $1,200

4. On June 1st, Michelob signed up and paid $1,200 to Master Brewer Inc. for...

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Accounting

4. On June 1st, Michelob signed up and paid $1,200 to Master Brewer Inc. for a 6 month brewing course that started on the same date. As of July 31st, Master Brewer's accounting records would indicate:

A)$400 of revenue, $800 of accounts receivable

B) $400 of revenue, $800 of deferred revenue

C) $1,200 of revenue, $1,200 of cash

D)$800 of revenue, $400 of accounts receivable

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