On January 1,2014,the Enterprise Fund for a Local City Receives

On January 1,2014,the Enterprise Fund for a local city receives an intergovernmental capital grant of $100,000 cash from the state government.Upon receipt of the cash,qualifying expenses of $100,000 for the operating grant will be incurred.What journal entry did the Enterprise Fund prepare on January 1,2014?

A) Debit Cash $100,000,credit Deferred Revenue $100,000
B) Debit Due From Other Governments $100,000,credit Contributed Capital $100,000
C) Debit Restricted Cash $100,000,credit Nonoperating Revenues $100,000
D) Debit Due From Other Governments $100,000,credit Other Financing Sources - operating grant $100,000