Priti Maan has another client (client 3) who has not yet paid a retainer. Priti agreed to hold a pair of Chanel earrings for the client as security for payment of her legal fees.

Where should Priti make a record of the property she is holding for the client?

General bank journal

Trust bank journal

Safe deposit slip with bank

Valuable property record

What should Priti do if the client comes up with a retainer before Priti sends her an invoice?

Return the property

Reject the retainer

Accept the retainer, but hold the earrings until she has invoiced the client

None of the above