Multiple Choice
Use the following information for questions below
Botanical Spas sells $2,500 worth of gift certificates in November and December.25% of the gift certificates are redeemed in December prior to the December 31 year end.
-The entry to record the sale of the gift certificates is
A) Dr.Cash,Cr.Gift Card Revenue
B) Dr.Gift Card Revenue,Cr.Gift Card Liability
C) Dr.Prepaid Gift Cards,Cr.Gift Card Revenue
D) Dr.Cash,Cr.Gift Card Liability
Correct Answer:
Verified
Correct Answer:
Verified
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