Pogrund Vacation Properties sells real estate in Florida. Pogrund requires potential buyers who are interested in a property to remit a $10,000 deposit to show good faith before receiving detailed information about a property. The deposit is fully refundable until a contract is signed. When a contract is signed, the buyer must make an additional deposit to bring the total deposit up to 10% of the purchase price. At that point, the entire deposit becomes nonrefundable. On December 31, 2019, David Corporation makes a good faith deposit of $10,000. David makes an additional $85,000 deposit on March 31, 2020, when it signs a contract to purchase property from Pogrund for $950,000, bringing its total deposit up to 10% of the purchase price. On June 30, 2010, David Corporation informs Pogrund that it has decided to terminate the contract, as is its right, and will not complete the purchase of the property. Under the terms of the contract, the entire deposit was nonrefundable and is retained by Pogrund. Required: What is the journal entry Pogrund makes to record the receipt of the $10,000 good faith deposit on December 31, 2019