Use the Following Information for Questions 34-35

question 42

Multiple Choice

Use the following information for questions 34-35.
Malaya's Manicures sells $2,500 worth of gift certificates in November and December. 25% of the gift certificates are redeemed in December prior to the December 31 year end.
-The entry to record the sale of the gift certificates is

• A) Dr. Cash, Cr. Gift Card Revenue
• B) Dr. Gift Card Revenue, Cr. Deferred Gift Card Revenue
• C) Dr. Prepaid Gift Cards, Cr. Gift Card Revenue
• D) Dr. Cash, Cr. Deferred Gift Card Revenue

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Definitions:

Reconstruction Era

The period following the Civil War in the United States, from 1865 to 1877, aimed at rebuilding and reintegrating Southern states into the Union and defining the new rights of freed slaves.

Presidential Phase

A period in a country's political cycle where the executive branch, led by the president, plays a dominant role in governance and policy-making.

Congressional Phase

A period in the legislative process involving the consideration and enactment of laws by a country's congress or legislative body.

Conservatives

A political ideology that emphasizes tradition, social stability, and the preservation of established institutions.