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Required information Exercise 8-10A Analyze and record deferred revenues (L08-4) [The following information applies to the questions displayed below.] Apple Inc. is the number one

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Required information Exercise 8-10A Analyze and record deferred revenues (L08-4) [The following information applies to the questions displayed below.] Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $20.4 million in iTunes gift cards in November, and customers redeem $13.4 million of the gift cards in December Exercise 8-10A Part 3 3. What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions. (i.e. 5.5 should be entered as 5,500,000).) Ending balance

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