Use the Following Information for Questions 34-35

question 36

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 required year end adjusting entry is

• A) Dr. Revenues $625, Cr. Deferred Gift Card Revenues $625
• B) Dr. Revenues $1,875, Cr. Deferred Gift Card Revenues $1,875
• C) Dr. Deferred Gift Card Revenues $625, Cr. Revenues $625
• D) Dr. Gift Card Revenues $1,875, Cr. Revenues $1,875

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Definitions:

Cultural Capital

Non-financial social assets that promote social mobility, including education, intellect, style of speech, and appearance.

Social Finesse

The skillful and sensitive handling of social interactions and relationships.

Discursive Power

The ability to influence through the use of language, discourse, and communication, shaping people’s perceptions, identities, and societal norms.

Afrocentric Alternative School

Educational institutions that center Afrocentric values, cultures, and histories to provide a culturally relevant curriculum for students of African descent.