On December 1, 2019, Sebastian University received cash of $60,000 and a pledge for another $30,000 to be paid in 2020. The amounts are to establish a permanent endowment to provide scholarships for music majors. How should this event be recorded on December 31, 2019, assuming Sebastian is a public university?

a.

Restricted Cash	60,000
Nonoperating—Additions to a permanent endowment		60,000

b.

Restricted Cash	60,000
Contributions receivable	30,000
Nonoperating—Additions to a permanent endowment		60,000
Deferred Revenues		30,000

c.

Restricted Cash	60,000
Contributions receivable	30,000
Nonoperating—Additions to permanent endowment		90,000

d.

Restricted Cash	60,000
Contributions receivable	30,000
Operating—Additions to permanent endowment		90,000