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Question 6 ( Mandatory ) ( 3 . 5 7 points ) Retake question Peterson Photoshop sold $ 1 , 7 0 0 in gift
Question Mandatory points Retake question
Peterson Photoshop sold $ in gift cards on a special promotion on October and sold $ in gift cards on another special promotion on November Of the cards sold in October, $ were redeemed in October, $ in November, and $ in December. Of the gift cards sold in November, $ were redeemed in November and $ were redeemed in December. Peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At Peterson would show a deferred revenue account for the gift cards with a balance of:
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