Sally's Choice sells season memberships for $200 each. During January of 2016, 60 season memberships were sold. As of March 31, 2016, only $3,000 of season membership fees had been collected from customers. The season runs for 4 months starting May 15, 2016 . Which one of the following is an amount reported on the financial statements for the period ending March 31, 2016?
a. Unearned membership revenue of $3,000
b. Unearned membership revenue of $9,000
c. Accounts receivable of $3,000
d. Membership revenue of $9,000
a
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