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Sarah's Pottery and Gift store had the following transactions: a. On November 15,2020 , Katie from the small office business Custom Graphics contacted Sarah to
Sarah's Pottery and Gift store had the following transactions: a. On November 15,2020 , Katie from the small office business Custom Graphics contacted Sarah to purchase gift cards for the holiday season. Katie's boss gave her $4,000 to purchase 80 gift cards with a value of $50 each from Sarah. b. During the month of December, 75 of the $50 gift cards were used in full by staff members of Custom Graphics. Required: 1-a. Prepare the journal entries for each of the transactions
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