els merchandise to customers for cash or credit. The entry Target makes to record the sale of D e Sales Revenue De Sake Reemet A nts Receivable c ome s a $200 gift cardiom Best Buy to give as a birthday present for a friend. The entry Best Buy makes when receiving the $200 and issuing the gift card is Det sket Revenge Debit Payable Cat Cash Det named Revenue Credit Accounts Receivable De as Credit Uneamed Revenue The authoritative b y currently responsible for establishing accounting practice in US is the Federal Reserve Bank Financial Accounting Standards Board nemal Revenue Service American Institute of Certified Nible Accountants + OGOL