7. Southeastern Louisiana University sold season tickets for the 2006 football season for $160,000. A total of 8
games will be played during September, October and November. In September, two games were played In
October, three games were played The balance in Unearned Revenue at October 31 is
(A) $0
(B) $40,000
(C) $60,000
(D) $100,000