Davis, Inc., a music group, entertained at a black-tie dinner dance on April 26, and collected the fee in full at the end of the evening. This transaction:

A. Causes an increase in assets and revenue, as well as an increase in owners' equity.

B. Is recorded by debiting Cash and crediting the Retained Earnings account.

C. Causes an increase in assets and a decrease in owners' equity.

D. Violates the matching principle unless any expenses associated with this cash receipt are paid prior to recording the revenue.

A