My hair salon sells gift certificates. What is the journal entry for posting the sale of a gift certificate?
Saturday, December 13th, 2008dak08 asked:
And what would the journal entry be when my customer redeems the gift certificate 6 months from now?
If my customers do not redeem their certificates before my year end or not all, does that mean I don’t pay taxes on this revenue?
Stella
And what would the journal entry be when my customer redeems the gift certificate 6 months from now?
If my customers do not redeem their certificates before my year end or not all, does that mean I don’t pay taxes on this revenue?
Stella




