Question: n January 2 0 2 4 , Summit Department Store sells a gift card for $ 1 2 5 and receives cash. In February 2

n January 2024, Summit Department Store sells a gift card for $125 and receives cash. In February 2024, the customer comes back and spends $95 of the gift card to purchase a water bottle. What is the financial statement effect of the customer's purchase of the water bottle in February?

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