On the last day of the year, a customer come into the store and used a gift
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Question:
On the last day of the year, a customer come into the store and used a gift card to pay for consulting services on decorations for an engagement party. The redemption of the gift card was in the amount of $175 and had yet to be recorded in Comfy Home's accounts. What is the correct journal entry is to debit Revenue for $175 and to credit Deferred Revenue for $175 .
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073398242
11th edition
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
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