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  3. 4. (12 points) record the following transactions i

4. (12 points) Record the following transactions in the financial statements effects template below 1....

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4. (12 points) Record the following transactions in the financial statements effects template below 1. Company receives $6,000 from the sale of gift certificates 2. Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900 3. The balance of the gift certificates expire unused Income Statement Balance Sheet Cash Noncash Liabil Asset Assets ities Earned Rev Expen- Net Transaction Capital Capital enues ses Income a) b)

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