Question: Phantom Bed & Breakfast Inn opened in 2020 and sold gift certificates that year totaling $14,200. The gift certificates were valid for six months and

Phantom Bed & Breakfast Inn opened in 2020 and sold gift

Phantom Bed & Breakfast Inn opened in 2020 and sold gift certificates that year totaling $14,200. The gift certificates were valid for six months and expired after that time. During 2020, $3,900 of those certificates were presented for redemption and $1,900 expired. How much was debited to the Deferred Revenue account in the adjusting entry for the redemption of the gift certificates

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