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The University's bookstore offers a Gift Card that may be purchased in amounts ranging from $5 to $500. Suppose the bookstore sells a $100 gift

The University's bookstore offers a Gift Card that may be purchased in amounts ranging from $5 to $500. Suppose the bookstore sells a $100 gift card to a customer who pays for the gift card with cash.

How would this transaction affect the accounting equation of the bookstore?

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