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Watermelon selis gitt cards in $15,$25, and $50 increments. Assume Watermelon sells $19,4 million in ITunes gift cards in November, and customers redeem $12.4 milion
Watermelon selis gitt cards in $15,$25, and $50 increments. Assume Watermelon sells $19,4 million in ITunes gift cards in November, and customers redeem $12.4 milion of the gift cards in Decembet, Required: 1. \& 2. Record the necessary entries in the Joumal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Answer is not complete. Complete this question by entering your answers in the tabs below. What is the ending balance in the Deferred Revenue account? (Enter your answer in dellers, not in milions. fi. 5.5 million Should be entered as 5,500,000).)
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