Big Box Inc. donated office supplies to an NFPO on January 1, 20X1 with a fair value of $2,000. Assuming the NFPO has the policy to record the fair value of donated materials and services and uses the deferral method, the journal entries on January 1, 20X1 will include
A) Debit Office supplies (asset) $2,000; Credit to Cash $2,000
B) Debit Cash $2,000; Credit Office supplies (asset) $2,000
C) Debit Office supplies (asset) $2,000; Credit to Deferred contribution $2,000