In Lizzie Shoes experience, gift cards that have not been redeemed within 12 months are...
90.2K
Verified Solution
Link Copied!
Question
Accounting
In Lizzie Shoes experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $18,550 during August 2021. $3,000 of cards were redeemed in September 2021, $3,100 in October, $2,850 in November, and $2,750 in December 2021. In 2022 an additional $1,210 of cards were redeemed in January and $735 in February. How much gift card revenue associated with the August 2021 gift card sales would Lizzie get to recognize in 2021 and 2022?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
