Question: Please circle or UNDERLINE or type in T/F as your answer. OPTIONAL for any comments to explain how you arrive at your answer 1. Management

Please circle or UNDERLINE or type in T/F as your answer. OPTIONAL for any comments to explain how you arrive at your answer

1. Management estimates 90% of the $100,000 Gift cards sold in Cash will be redeemed in a year. Upon Sale of the Gift Cards, the Journal Entry would be Dr. Cash 100,000; Cr. Revenue $100,000.

True/False

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