Required information Exercise 8-10B Analyze and record deferred revenues (L08-4) The following information applies to the questions displayed below) A company is the number one online music retailer through its iTunes music store. The company sells iTunes gift cards in $15, $25, and $50 increments. Assume the company sells $19.5 million in iTunes gift cards in November, and customers redeem $12,5 million of the gift cards in December Exercise 8-10B Parts 1 & 2 Required: 1.8 2. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (.e.5.5 should be entered as 5,500,000).) Required information Journal entry worksheet 1 2 Record the receipt of cash for gift cards. Note: Enter debits before credits. Date General Journal Debit Credit November 30 Record entry Clear entry View general Journal cm Prey 10 11 of 11 Next Journal entry worksheet