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

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The University's bookstore offers a Maryvilie 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? Post your answer here and respond to others' discussion posts. Reply

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