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[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
[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 $19.0 million in iTunes gift cards November, and customers redeem $12.0 million of the gift cards in December Required: 1. & 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 (1.e.5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 2 Record the receipt of cash for gift cards. Note: Enter debits before credits Date November 30 General Journal Debit Credit
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