Transaction price – ex.1 chapter 16 Revenue

Hello, I’d like to ask about example 1 – Transaction price in chapter 16 on Revenue in the OpenTuition notes. Will the income of $8638 appear on the debit side of Income accrued a/c (immidiately on SFP) and interest income on the Interest receivable a/c (gradually on SFP) and will both stay there untill the customer pays what he owes in 3-years time?

Thank you!