Question: Please answer all 3 problems. Watermelon sells gift cards in $15, $25, and $50 increments. Assume Watermelon sells $20.3 million in iTunes gift cards in



Watermelon sells gift cards in $15, $25, and $50 increments. Assume Watermelon sells $20.3 million in iTunes gift cards in November, and customers redeem $13.3 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? Journal entry worksheet 1 2 > Record the cash sale of gift cards in November. Note: Enter debits before credits. Debit Credit Date General Journal November 30 Cash Deferred Revenue Record entry Clear entry View general Journal Journal entry worksheet Record gift cards redeemed in December Note: Enter debits before credits. Date Debit Credit General Journal December 31 Deferred Revenue Sales Revenue Record entry Clear entry View general journal Req 1 and 2 Reg 3 What is the ending balance in the Deferred Revenue account? (Enter your answer in dollars, not in millions (l.e. 5.5 million should be entered as 5,500,000).) Ending balance
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