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Can anyone explain to me how to do there/tips to remember how to do it. Test today. A company's customers redeemed $3,000 in gift cards

Can anyone explain to me how to do there/tips to remember how to do it. Test today.

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A company's customers redeemed $3,000 in gift cards in exchange for products. What was the effect of this transaction on the financial statements? Select an answer for every element. Select O if the item was not affected. ASSETS [Select] LIABILITIES [Select) STOCK EQUITY (Select ] NET INCOME [ Select Answer 1: Correct Answer 0 You Answered -3,000 Answer 2: Correct! -3,000 Answer 3: You Answered 0 Correct Answer +3,000 Answer 4: You Answered -3,000 Correct Answer +3,000 Question 13 3.38 / 4.5 pts On Jan. 1, 2022, a company signed a lease for machinery. The lease agreement requires the company to make least payments at the end of each month. The required lease payments have a present value of $90,000. On Jan. 1, 2022, how are the 2022 financial statements affected by the company recording the lease? Select an answer for every element. Select O if the item was not affected. ASSETS -90,000 LIABILITIES (Select] STOCK EQUITY [Select ] NET INCOME [ Select ] Answer 1: Correct Answer +90,000 You Answered -90,000 Answer 2: Correct! +90,000 Answer 3: Correct! 0 Answer 4: Correct! 0

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