Question: part 1 part 2 Help Save Sub Chemy Required information [The following information applies to the questions displayed below Apple Inc is the number one
part 1
part 2Help Save Sub Chemy Required information [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 in 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. Of 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 de 5.5 should be entered as 5,500,000 View transactions View journal entry worksheet Date 1 November 30 Cash Deferred Ruvenie General Journal Debit Cro 20:200,000 20.200.000 2 December 31 13.200.000 Deferred Revenue Sales Revenue 13.200.000 Help Save 0 Check Part 2 Required Information The following information applies to the questions displayed below Apple Inc. is the number one online music retailer through its iTunes music store. Apple sesiones gift cards in $15.525. and $50 increments. Assume Apple sells $190 million in iTunes gift cards in November and customers redeon 5120 million of the gift cards in December 4 points 3. What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions de 5.5 should be entered as 5,500,000 Eringtuan P reces
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