2. How would the gift certificates be reported on Super Circuit's balance sheet on December...
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2. How would the gift certificates be reported on Super Circuit's balance sheet on December 31, 2019? Balance Sheet Instruction 1. Prepare journal entries on Super Cirtuits books to reflect the git certificate transactions in December and lanuary. include any year-and adiustments related to the gitt certificate transactions. Chart of Accounts On December 5, 2019, Super Circuit Siore sold gitt certitcates totaling $11,000. By December 31,2019, all but $2,100 worth of these certificates had been redeersed for merchandise. Outstanding certificates were then redeemed by January 15,8020 . Required: 1. Prepare joumal entries on Super Circuits books to refiect the preceding transactions. 2. How would the gitt cerbicates be reported on Super Circut's balance sheet on December 31, 2019
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