TB MC Qu$.3-108($Static$)$ A gym offers one$-$year memberships for...

A gym offers one$-$year memberships for $$99$ and requires customers to pay the full amount of cash at the beginning of the membership period. For the

gym, this is an example of a$($n$)$:

Multiple Choice

Accrued revenue.

Prepaid expense.

Deferred revenue.

Accrued expense.