subject
Business, 11.02.2021 22:00 sadeed00974

3.On December 5, Super Circuit Store sold gift certificates totaling $12,000. By December 31, all but $2,125 worth of these certificates had been redeemed for merchandise. Outstanding certificates were then redeemed by January 15. Prepare journal entries on Super Circuit’s books to reflect the preceding transactions. How would the gift certificates be reported on Super Circuit’s balance sheet on December 31?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:30
Boteck is a full-service technology company. it provides equipment, installation services, and training services. customers can purchase any product or service separately or as a bundled package. on may 3, box-rite corporation purchased computer equipment, installation, and training for a total cost of $120,000. estimated stand-alone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. the journal entry to record the sale and installation on may 3 will include select one:
Answers: 1
question
Business, 22.06.2019 10:50
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
question
Business, 22.06.2019 23:10
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
question
Business, 22.06.2019 23:30
How does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange.
Answers: 1
You know the right answer?
3.On December 5, Super Circuit Store sold gift certificates totaling $12,000. By December 31, all bu...
Questions
question
Mathematics, 26.07.2020 02:01
question
Mathematics, 26.07.2020 02:01
question
Chemistry, 26.07.2020 02:01