Board Building Co.redeemed $3,850 of gift cards that customers used to pay for services that were performed by the company.The related adjusting entry would include a debit to:
A) Accounts Receivable and a credit to Service Revenue.
B) Deferred Revenue and a credit to Service Revenue.
C) Cash and a credit to Deferred Revenue.
D) Cash and a credit to Service Revenue.
Correct Answer:
Verified
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