Unformatted text preview: months after the end of the month in which it is sold. Thus, an unredeemed gift card sold at any time during July would be viewed as broken as of September 30. Required: 1. Prepare all journal entries appropriate to be recorded only during the month of December 2013 relevant to gift card sales, gift card redemptions, and gift card breakage. 2. Determine the balance of the unearned revenue liability to be reported in the December 31, 2013, balance sheet. Show the relevant T-account information to support your answer. 1. 2....
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- Spring '11
- Revenue, Following, Giving, gift cards, gift card, Sunbru