Question
If BG, Inc. sold gift certificates to customers in November for a total of $40,000 cash, then which accounts would change because of the transaction?
If BG, Inc. sold gift certificates to customers in November for a total of $40,000 cash, then which accounts would change because of the transaction?
| Increase to cash and decrease to sales revenue. | ||
| Increase to cash and increase to unearned revenue. | ||
| Increase to cash and decrease to unearned revenue. | ||
| Increase to cash and increase to sales revenue. |
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
12th Edition
1260165116, 9781260165111
