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Business, 27.02.2020 19:10 ineedtopeebeforethec

As of December 31, the unadjusted balance in Unearned Revenue contains $5,600 for unredeemed gift cards. An analysis of the monthly sales indicates that $3,200 worth of gift cards were redeemed during the month but not yet recorded. How will these transactions affect the adjustments at the end of the period?

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As of December 31, the unadjusted balance in Unearned Revenue contains $5,600 for unredeemed gift ca...

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