Unearned revenue, which represents the company's obligation to honor previously issued gift cards to customers, totaled $6,500
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Question:
Unearned revenue, which represents the company's obligation to honor previously issued gift cards to customers, totaled $6,500 at the beginning of the year and $9,500 at the end of the year. Customers purchased $52,000 in gift cards during the year.
What was the number of gift cards redeemed by customers during the year?
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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