A Donor Pledged $200,000 to the Fund Raising Drive of a Local

Multiple Choice

A donor pledged $200,000 to the fund raising drive of a local government to assist its police officers in obtaining the latest technology.The pledge was made on July 16,2013 but was conditioned on the government raising an additional $200,000 from other donors.By the fiscal year-end of June 30,2014,the local government had raised only $5,000 from other donors.What entry would be made for the initial pledge by the local government during the year ended June 30,2014?

A) No entry is required until the condition is fully met.
B) Debit a receivable and credit deferred revenues, a liability.
C) Debit a receivable and credit Fund Balance.
D) Debit a receivable and credit revenue