A Local Government Purchased a Building and Recorded the Event

A local government purchased a building and recorded the event by debiting Expenditures - Capital Outlay and crediting Cash. What would be the worksheet entry to prepare the government-wide statements in the year of acquisition) ?

A) Debit to Capital Assets and credit to Cash
B) Debit to Capital Assets and credit to Accumulated Depreciation-Capital Assets and Expenditures - Capital Outlay
C) Debit to Capital Assets and credit to Net Position
D) Debit to Capital Assets and credit to Expenditures - Capital Outlay