A University's Endowment Fund Has Investments That Were Purchased for $400,000

A university's endowment fund has investments that were purchased for $400,000. As of the end of the fiscal year, the fair value of the investments decreased by $33,000. What journal entry is required to reflect the change in the fair market value of the investments? $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\begin{array}{lrr}&\text { Debit } & \text { Credit }\end{array}$
A)
$\begin{array}{lrr}\text { Loss on Endowment Investments } & \$ 33,000 \\\text { Endowment Investments } && \$ 33,000 \\\end{array}$


B)
$\begin{array}{lrr}\text { Interest Expense } &\quad\quad\quad \$ 33,000 \\\text { Endowment Investments } && \$ 33,000 \\\end{array}$

C)
$\begin{array}{lrr}\text { Revenues-Investment Income } & \$ 33,000\\\text { Endowment Investments }&& \$ 33,000 \\\end{array}$


D)
$\begin{array}{lrr}\text { Interest Expense }&\quad\quad\quad\quad \$ 33,000 \\\text { Deferred Revenue }& & \$ 33,000 \\\end{array}$