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August 2025. Cheyenne sells 80 gift cards at $70 per gift card and 53 of the gift cards are redeemed by year end. It is

August 2025. Cheyenne sells 80 gift cards at $70 per gift card and 53 of the gift cards are redeemed by year end. It is estimated that 10 of the gift cards will not be redeemed.

How do you record redemption and breakage of gift cards?

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