Record the following transactions in the financial statements effects template below.
a) Company receives $6,000 from the sale of gift certificates.
b) Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900.
c) The balance of the gift certificates expire unused

Question

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The Answer of Record the following transactions in the financial statements effects template below.
a) Company receives $6,000 from the sale of gift certificates.
b) Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900.
c) The balance of the gift certificates expire unused

Record the Following Transactions in the Financial Statements Effects Template