Question
Board Building Co. redeemed $3,850 of gift cards that customers used to pay for services that were performed by the company. The related adjusting entry
Board Building Co. redeemed $3,850 of gift cards that customers used to pay for services that were performed by the company. The related adjusting entry would include a debit to:
Accounts Receivable and a credit to Service Revenue. | ||
Deferred Revenue and a credit to Service Revenue. | ||
Cash and a credit to Deferred Revenue. | ||
Cash and a credit to Service Revenue. |
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
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