Presented below are selected transactions of Buffalo Restaurant for the month ending August 31,2025 ...

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Accounting

Presented below are selected transactions of Buffalo Restaurant for the month ending August 31,2025
a. Buffalo sells 86 gift cards at $72 per gift card and 51 of the gift cards are redeemed by year end. It is estimated that 10 of the
gift cards will not be redeemed.
b. Buffalo accepted a reservation for its private dining room for a rehearsal dinner in September. It received a security deposit of
$300, which will be returned after the dinner is held.
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