Krystal Buys a New House from Kiel and Puts Down

Krystal buys a new house from Kiel and puts down $10,000 in earnest money. If Kiel accepts Krystal's offer, what happens to the earnest money?

A) The earnest money will apply toward the purchase price.
B) The earnest money is returned to Krystal.
C) The bank keeps the earnest money.
D) Kiel and Krystal divide the earnest money.
E) Kiel gets the earnest money.