Moon Company sold ( $ 2,000 ) in gift cards on a special promotion on October 15,2024 , and sold ( $ 3,000 ) in gift cards on another special promotion on November 15, 2024. Of the cards sold in October, ( $ 200 ) were redeemed in October, ( $ 500 ) in November, and ( $ 600 ) in December. Of the gift cards sold in November, ( $ 300 ) were redeemed in November and ( $ 700 ) were redeemed in December. Moon Company views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2024, Moon Company would show a deferred revenue account for the gift cards with a balance of:

Moon Company sold $2,000 in gift cards on a special promotion on October 15,2024 , and sold $3,000 in gift cards on another special promotion on November 15,2024 . Of the cards sold in October, $200 were redeemed in October, $500 in November, and $600 in December, Of the gift cards sold in November, $300 were redeemed in November and $700 were redeemed in December. Moon Company views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2024, Moon Company would show a deferred revenue account for the gift cards with a bolance of