Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million...

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Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December. Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 (i.e. 5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet < 1 2 Record the cash sale of gift cards in November. Note: Enter debits before credits. Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Req 1 and 2 Req 3 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 (i.e. 5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet < 1 2 Record gift cards redeemed in December. Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December. Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions. (i.e. 5.5 million should be entered as 5,500,000).) Ending balance Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December. Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 (i.e. 5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet < 1 2 Record the cash sale of gift cards in November. Note: Enter debits before credits. Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Req 1 and 2 Req 3 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 (i.e. 5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet < 1 2 Record gift cards redeemed in December. Assume a company sells $20.2 million in gift cards in November, and customers redeem $13.2 million of the gift cards in December. Required: 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. 3. What is the ending balance in the Deferred Revenue account? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions. (i.e. 5.5 million should be entered as 5,500,000).) Ending balance