MetaBananas sells gift cards in $$15,$ $$25,$ and $$50$ increments. Assume Bananas sells $$19\mathrm{.}2$ million in iTunes gift cards in November, and customers redeem $$12\mathrm{.}2$ million of the gift cards in December.

Required:

$1.$ & $2.$ Record the necessary entries in the Journal Entry Worksheet below.

$3.$ What is the ending balance in the Deferred Revenue account?