Gift cards redeemed:
= $6,200 + $49,000 - $8,900
= $46,300
$46,300 worth gift cards are redeemed
$46,300
3rd option
A company tracks its obligation to honor gift cards previously issued to customers using Deferred Revenue....
Deferred Revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $5,700 at the beginning of the year and $7,900 at the end of the year. Customers purchased gift cards amounting to $44,000 during the year. What was the amount of gift cards redeemed by customers during the year? Multiple Choice O O $30,400 $41,800 O $57,600 O O O $46,200