Business, 23.06.2021 19:00, Mlmyers81

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.0 million in iTunes gift cards in November, and customers redeem $12.0 million of the gift cards in December. Required:
a. Record the necessary entries.
b. Record the receipt of cash for gift cards.

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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTune...