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Delta Darlings Salon sells gift cards for its services. Based on experience, the company estimates that 25% of the gift cards will not be redeemed.
Delta Darlings Salon sells gift cards for its services. Based on experience, the company estimates that 25% of the gift cards will not be redeemed. The entry to record the redemption of a gift card will include a debit to Cash and a credit to Service Revenue. a debit to Cash and a credit to Unearned Gift Card Revenue. a debit to Unearned Gift Card Revenue and credits to Service Revenue and Gift Card Breakage Revenue. a credit to Service Revenue and a debit to Unearned Gift Card Revenue
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