The Boys and Girls Clubs received a contribution of $15,000 in October 2022. The donor did not place a restriction on the funds. Internally, however, the Clubs directors decided to allocate the funds to a sports event planned for 2023. How should the Clubs record the receipt of the $15,000 contribution in its 2022 financial statements?

Group of answer choices

a.

TEMPORARILY RESTRICTED FUND	Debit	Credit
Cash	15,000
Net assets released from restriction		15,000

b.

TEMPORARILY RESTRICTED FUND	Debit	Credit
Cash	15,000
Revenue from contribution		15,000

c.

UNRESTRICTED FUND	Debit	Credit
Cash	15,000
Deferred revenue from contribution		15,000

d.

UNRESTRICTED FUND	Debit	Credit
Cash	15,000
Revenue from contribution		15,000