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Starbucks Inc. accepted $25 of gift cards from you that you used to purchase latte and a coffee mug. The related adjusting entry for Starbucks

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Starbucks Inc. accepted $25 of gift cards from you that you used to purchase latte and a coffee mug. The related adjusting entry for Starbucks on that day was DR Cash CR Accounts Receivable DR Cash CR Deferred Revenue (Unearned Revenue) DR Deferred Revenue (Unearned Revenue) CR Revenue DR Service Revenue CR Deferred Revenue (Unearned Revenue)

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