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On December 10, 2019, lucy dress Store sold gift certificates totaling $5,000. By December 31, 2019, all but $1,855 worth of these certificates had been

On December 10, 2019, lucy dress Store sold gift certificates totaling $5,000. By December 31, 2019, all but $1,855 worth of these certificates had been redeemed for merchandise. Outstanding certificates were then redeemed by January 31, 2020. December 31, 2019 adjusting entries to record the redemption of gift certificates would include:

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