We are a retail store that give gift cards for donations and customer promotions, what is the correct je that should be made when these are issued? For example a $500 gift card is redeemed the merchandise that they bought did not cost us the $500 maybe only $225 or maybe a little more depending...

Hi, if anyone can answer that would be great: If a corporation has several stores and one of the store closes what happens to the gift cards, under the liability section? The gift cards can be redeemed at the other stores but what is the proper accounting g/l entry to zero out the balance on the...

Hey do american eagle gift cards expire? If so how long from purchase date? Thanks

I was wondering how you would account for a free gift card given out by a company. How do you record this transaction on the books ex: you give out a free $30 gift card if someone spends over $100.