A Donor Had Previously Donated $2,000 to a Not-For-Profit Entity,stipulating

A donor had previously donated $2,000 to a not-for-profit entity,stipulating that the gift must be used to finance the annual Fall Harvest festival.The festival is held and the gift is used for the stipulated purpose.Which of the following best describes the effect of the journal entries needed to record the expense resulting from use of the gift?

A) An expense is reported in the temporarily restricted column of the statement of activities.
B) An expense is reported in the temporarily restricted column of the statement of activities,temporarily restricted net assets are increased,and unrestricted net assets are decreased.
C) An expense is reported in the unrestricted column of the statement of activities.
D) An expense is reported in the unrestricted column of the statement of activities,unrestricted net assets are increased,and temporarily restricted net assets are decreased.