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4 Part 1 of 2 Required information The following information applies to the questions displayed below) Apple Inc is the number one online music retailer

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4 Part 1 of 2 Required information 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 515, 525, and $50 increments. Assume Apple seils $19.5 million in iTunes gift cards in November, and customers redeem 5125 million of the gift cards in December eBook Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below (if no entry is required for a particular transaction event, select "No Journal Entry Required in the first account field, Enter your answers in dollars, not in millions (ie. 5.5 should be entered as 5,500,000).) Hint View transaction list Print Journal entry worksheet References 1 2 > Record the receipt of cash for gift cards. Note: Enter debits before credits Debu General Joumal Date November 30 Clear entry Record entry View generator

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