Student Scholarships for Which No Service Was Required Were Applied

Multiple Choice

Student scholarships for which no service was required were applied to student accounts in the amount of $5,000.What is the journal entry to record this event?

A) Debit: Tuition discount-Unrestricted-Student aid $5,000 Credit: Accounts Receivable $5,000.
B) Debit: Scholarship Expense $5,000 Credit: Accounts Receivable $5,000.
C) Debit: Tuition waiver $5,000 Credit: Loan to student $5,000.
D) None of the above.