In Lizzie Shoes' experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $18,550 during August 2024. $3,000 of cards were redeemed in September 2024, $3,100 in October, $2,850 in November, and $2,750 in December 2024. In 2025 an additional $1,210 of cards were redeemed in January and $735 in February. How much gift card revenue associated with the August 2024 gift card sales would Lizzie get to recognize in 2024 and 2025? Year Revenue 2024 2025 On July 1, Orcas Lab issued a $100,000, 12%, eight-month note. Interest is payable at maturity. What is the amount of interest expense that should be recorded in a year-end adjusting entry if the fiscal year-end is (a) December 31? (b) September 30? December 31 b. September