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Gottlieb Pool N' Pub,Inc

Question 164

Essay

Gottlieb Pool n' Pub,Inc.sold $25,000 in gift cards during December Year 1.The expiration date on these gift cards is December 31,Year 2.During Year 2,$23,940 of the gift cards were redeemed by customers.
A) Record the sale of the gift cards.
B) Record the redemption of the gift cards.
C) Record the expiration of the remaining gift cards.

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