Can you explain Berry Dive Shop receives a total of $500 today from its customer for scuba diving lessons. The lessons begins in the next fiscal year….

Can you explain

Berry Dive Shop receives a total of $500 today from its customer for scuba diving lessons. The lessons begins in the next fiscal year. Which of following describes how the company will account for this transactions

A. Credit Cash for $500

B. Credit Deferred Revenue for $500

C. Debit Deferred Revenue for $500

D. Retained earnings decreases by $500

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