A Civic Ballet Company Sells 10 "Benefactor" Status Memberships for $500

A civic ballet company sells 10 "Benefactor" status memberships for $500 each. The Benefactors each receive a season ticket valued at $200 and a listing in the company's program. How would the ballet company record the sale of these 100 memberships?
A.
$\begin{array}{lll}\text { Cash } & \$ 5,000 & \\ \text { Deferred Revenue } && \$ 5,000 \\\end{array}$

B.
$\begin{array}{lcc}\text { Cash - Restricted } & \$ 3,000 \\\text { Cash - Unrestricted } & 2,000 & \\\quad \text { Contributions - Restricted } & & \$ 3,000 \\\text { Revenue } & & 2,000\end{array}$


C.
$\begin{array}{lll}\text { Cash } & \$ 5,000 & \\ \text { Revenue } && \$ 2,000 \\ \text { Contributions - Restricted } && 3,000\end{array}$

D.
$\begin{array}{l}\text { Cash }& \$ 5,000 \\\text { Deferred Revenue } && \$ 2,000\\\text { Contributions }-\text { Unrestricted } &&3,000 \\\end{array}$

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