Unearned revenue, which represents the company's obligation to honor previously issued gift cards to customers, totaled $6,500

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Unearned revenue, which represents the company's obligation to honor previously issued gift cards to customers, totaled $6,500 at the beginning of the year and $9,500 at the end of the year. Customers purchased $52,000 in gift cards during the year.

What was the number of gift cards redeemed by customers during the year?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: May 04, 2023 03:05 AM

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Unearned revenue, which represents the company's obligation to honor previously issued gift cards to customers, totaled $6,500

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Advanced Accounting

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