entry to record the receipt of the cashierfor grants from SM foundation amounting to P50,000 Select the correct response: dr. Cash Collecting Officer P50,000 cr income from grants and donations P 50,000 dr income from grants and donations P 50,000 cr Cash P50,000 dr. Cash P50,000 cr income from grants and donations P 50,000 dr income from grants and donations P 50,000 cr Cash Collecting Officer P50,000