Business, 26.11.2019 01:31 electrofy456

In january, 2018, abc sells a gift card for $50 and receives cash. in february, 2018, the customer comes back and spends $20 of their gift card on a water bottle. what would be the appropriate journal entry for the purchase of the water bottle?
a. debit deferred revenue, $50; credit sales revenue, $50.
b. no journal entry is necessary.
c. debit sales revenue, $20; credit deferred revenue, $20.
d. debit deferred revenue, $20; credit sales revenue, $20.

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In january, 2018, abc sells a gift card for $50 and receives cash. in february, 2018, the customer c...

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