Georgia's Salon
the Salon Sells $50,000 of Gift Cards in May

Georgia's Salon
The salon sells $50,000 of gift cards in May Year 1. These gift cards may be used anytime before their expiration on May 31, Year 2.
-Refer to the figure Georgia's Salon.During May Year 2,$10,000 of the gift cards were redeemed for salon services.Which of the following is the correct journal entry to record the redemption of the gift cards? a.
$\begin{array}{lcc}\text { Unearned Sales Revenue } & 10,000 & \\\text { Accounts Payable } & & 10,000 \\\end{array}$

b.
$\begin{array}{lcc}\text { Unearned Sales Revenue } & 10,000 & \\\text { Cash } && 10,000\end{array}$

c.
$\begin{array}{lcc}\text { Prepaid Sales Revenue } & 10,000 & \\\quad \text { Sales Revenue }&&10,000 \\\end{array}$

d.
$\begin{array}{lcc}\text { Unearned Sales Revenue } & 10,000 \\\text { Sales Revenue } & & 10,000\end{array}$