Source for "bonus" money on gift card
beth at oasis.slimy.com
Sun Jun 15 01:43:41 EDT 2008
On Sat, Jun 14, 2008 at 08:22:00AM -0700, Jason wrote:
> What happened is, you buy a gift card (say, $300) they add an extra 10%
> to it ($30) giving you a total gift card balace of $330. You can then
> use the card to buy anything in the store.
Personally I'd do a split transaction -- you paid $300 for a $330 asset.
As mentioned by another poster, the extra $30 is essentially a rebate
against things you'd buy in the store. It's not "income" because
you can't use it anywhere else.
Expenses:Shopping rebate $30
Assets:Gift Card increase $330
Assets:Checking Account decrease $300
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