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0 Required information Exercise 8-10A Analyze and record deferred revenues (LO8-4) [The following information applies to the questions displayed below.] Apple Inc. is the

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0 Required information Exercise 8-10A Analyze and record deferred revenues (LO8-4) [The following information applies to the questions displayed below.] Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells ITunes gift cards in $15, $25, and $50 increments. Assume Apple sells $20.5 million in iTunes gift cards in November, and customers redeem $13.5 million of the gift cards in December. Exercise 8-10A Part 3 3. What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions. (i.e. 5.5 should be entered as 5,500,000).) Ending balance

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