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Record the following transactions in the financial statements effects template below. Company receives $6,000 from the sale of gift certificates. Customers used $5,700 gift certificates.

Record the following transactions in the financial statements effects template below.

Company receives $6,000 from the sale of gift certificates.

Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900.

The balance of the gift certificates expire unused.

Balance Sheet

Income Statement

Transaction

Cash Asset

+

Noncash Assets

=

Liabil-

ities

+

Contrib. Capital

+

Earned

Capital

Rev-enues

Expen-ses

=

Net

Income

a)

=

=

b)

=

=

c)

=

=

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