As a result of the foregoing journal entries, the net realizable value of the delinquent receivables is $28,000 (gross receivables of $30,000 less allowance of $2,000). If the finance director estimates that $20,000 of the net receivables will be collected in the first 60 days of 2020, the journal entry needed to defer revenues O a. Dr. Revenues--property taxes 8000 and Cr. Deferred revenues-property taxes 8000 O b. Dr. Revenues-property taxes 7000 and Cr. Deferred revenues-property taxes 7000 . Dr. Revenues-property taxes 9000 and Cr. Deferred revenues-property taxes 9000 O d. Dr. Revenues-property taxes 5000 and Cr. Deferred revenues-property taxes 5000