What Is the Journal Entry to Record the Scholarship Allowances

What is the journal entry to record the scholarship allowances?

$\begin{array}{lccc}\text { A. Scholarships and Fellowships Expense } & 1,200,000 & \\\quad \text { Accounts Receivable } & & 1,200,000 \\\end{array}$

$\begin{array}{lccc}\text { B. Operating Revenue Deduction -Scholarship } \\\text { Allowances }& 1,200,000 & \\\quad \text { Accounts Receivable } && 1,200,000 \\\end{array}$


$\begin{array}{lccc}\text { C. Operating Revenue Deduction -Scholarship } \\\text { Allowances }& 900,000 & \\\quad \text { Deferred Revenues } & & 900,000 \\& \\\end{array}$

D. Not recorded because it was deducted from tuition revenue before revenue it was recorded

A) Choice A
B) Choice B
C) Choice C
D) Choice D