Source for "bonus" money on gift card

Beth Leonard 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

--Beth 
Beth Leonard
http://www.LeonardFamilyVideos.com


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