On July $7,$ Saints Incorporated received $$10,800$ in cash from a customer for services to be provided on October $10.$ Which of the following describes how the transaction should be recorded on July $7?$

Multiple Choice

Debit Accounts Receivable $$10,800,$ credit Service Revenue $$10,800$

Debit Deferred Revenue $$10,800,$ credit Cash $$10,800$

Debit Cash $$10,800,$ credit Deferred Revenue $$10,800$

Debit Cash $$10,800,$ credit Service Revenue $$10,800$