3) A donor pledged $100000 to thefund raisingdrive of a local government to assi

3) A donor pledged $100000 to thefund raisingdrive of a local government to assist its police officers in obtaining the latest technology. The pledge was made on July 16 2008 but was conditioned on the government raising an additional $100000 from other donors. By the fiscal year-end of June 30 2009 the local government had raised only $5000 from other donors. What entry would be made for the initial pledge by the local government during the year ended June 30 2009?A. No entryB. Debit areceivableand credit Fund BalanceC. Debit a receivable and creditdeferredrevenues aliabilityD. Debit a receivable and credit a revenue