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MetaBananas sells gift cards in $ 1 5 , $ 2 5 , and $ 5 0 increments. Assume Bananas sells $ 1 9 .
MetaBananas sells gift cards in $ $ and $ increments. Assume Bananas sells $ million in iTunes gift cards in November, and customers redeem $ million of the gift cards in December.
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& Record the necessary entries in the Journal Entry Worksheet below.
What is the ending balance in the Deferred Revenue account?
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