Concord Department Store sells gift certificates that are redeemable in merchandise. During 2012. Concord sold gift certificates for $92,300. Merchandise with the total price of $54,500 was redeemed during the year. The cost of the sold merchandise to Concord was $31,300. Concord sold gift certificates for the first time in 2017. Your answer is partially correct. Try again. Record the sale of the gift certificates. (Credit account titles are automatically indated when the amount is entered. Do not indent manually. In entry is required, select "No entry for the account tres and enter for the amounts) Account Thies and Explanation Det Uneamed Revenue (Sold gift certificates.) Your answer is partially correct. Try again. Record the redemption during 2017. Assume that Concord uses the perpetual inventory method. (Credit account titles are automatically indented entered. Do not indent manually. If no entry is required, select "No entry for the account cities and enter for the amounts.) Account Titles and Explanation Debit Credit Uneared Revenue Sales (Made sales.) Cost of Goods Sold Inventory (Cost of inventory sold.) SHOW LIST OF ACCOUNTS x your answer is incorrect. Try again. Compute the balance in the unearned revenue account as of December 31, 2018, assuming that gift certificates were sold for 559,400 in 2018 and merchandise with a total price of 578 800 was redeemed Balance in the Uneamed Revenue Account