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a. On November 15, 2020, Katie from the small office business Custom Graphics contacted Sarah to purchase gift cards for the holiday season Katie's boss
a. On November 15, 2020, Katie from the small office business Custom Graphics contacted Sarah to purchase gift cards for the holiday season Katie's boss gave her $3,300 to purchase 55 gift cards with a value of $60 each from Sarah. b. During the month of December, 50 of the $60 gift cards were used in full by staff members of Custom Graphics. Required: 1-a. Prepare the journal entries for each of the transactions. Sarah's Pottery and Gift store had the following transactions a. On November 15, 2020, Katie from the small office business Custom Graphics contacted Sarah to purchase gift cards for the holiday season. Katie's boss gave her $3,300 to purchase 55 gift cards with a value of $60 each from Sarah b. During the month of December, 50 of the $60 gift cards were used in full by staff members of Custom Graphics Required
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