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35. Bellingham's Restaurant sells $3,000 in gift certificates during the holiday season. How should the sale of the gift certificates be treated in the financial
35. Bellingham's Restaurant sells $3,000 in gift certificates during the holiday season. How should the sale of the gift certificates be treated in the financial statements? Debit cash, credit sales Debit cash; credit accounts payable Debit cash, credit deferred revenue Debit cash; credit prepaid expenses
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