On October 10, Jayson Company receives an order for a $700 TV which it will deliver to the customer on October 17. The customer pays the full amount in cash at the time of the order. Besides recording the receipt of $700 cash, what else should Jayson record on October 10?
a. Record $700 revenueb. Record some of the $700 as revenue now and the rest on delivery of the TV
c. Record a $700 liability d. Make no record at this time; record revenue and receipt of cash on delivery of TV
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