Record the following adjusting journal entry as of December. Adjusting journal entries are only recorded at year-end for the company, In September, the company received $2,500 for gift cards. As of December 31, the company accepted $1,775 from customer in payment of sales. Record the adjusting journal entry for sales earned as of year end. Complete the T-account to compute the balance in the Deferred Revenue account at December 31st. Paragraph V B IU A od + Date Account Name Debit Credit CLUIUCU GLYCOI CHUIVI LIIE LUIParty. In September, the company received $2,500 for gift cards. As of December 31, the company accepted $1,775 from customer in payment of sales. Record the adjusting journal entry for sales earned as of year end. Complete the T-account to compute the balance in the Deferred Revenue account at December 31st. Il . Paragraph O B IUA + V What is the balance in the Deferred Revenue account at year-end? Deferred Revenue