On June 1,2012,Brooktown Levied Special Assessments in the Amount of $500,000,payable

On June 1,2012,Brooktown levied special assessments in the amount of $500,000,payable in 10 equal annual installments beginning on June 30,2012.The assessment installments are intended to pay principal and interest on special assessment bonds for which the town has pledged its full faith and credit should assessments be insufficient.Assuming no allowance for uncollectible receivables,the journal entry in the debt service fund on June 1,2012 would include:

A) A debit to Assessments Receivable-Current for $500,000.
B) A debit to Assessments Receivable-Current for $50,000.
C) A credit to Revenues for $500,000.
D) No journal entry is made in the debt service fund because special assessments are used.