Boone Oil Co. obtained shooting rights coupled with an option to lease for $20,000 on 5000 acres owned by Joe Blow. This acreage was located adjacent to 3000 acres owned by John Smith, where Boone Oil Co. had recently obtained shooting rights only for $10,000. Give the entry to record the rights obtained from Joe Blow, assuming that the $20,000 is apportioned between the option and the shooting rights.

Group of answer choices

A. Debit Options $20,000; Credit Cash $20,000

B. Debit Cash $20,000; Credit Property Purchase Suspense $3,333; Credit G&G Expense $16,667

C. Debit Unproved Property $20,000; Credit Cash $20,000

D. Debit Property Purchase Suspense $3,333; Debit G&G Expense $16,667; Credit Cash $20,000