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BullsEye sells gift cards redeemable for BullsEye products either in-store or online. During 2018, BullsEye...

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Accounting

BullsEye sells gift cards redeemable for BullsEye products either in-store or online. During 2018, BullsEye sold $2,300,000 of gift cards, and $2,100,000 of the gift cards were redeemed for products. As of December 31, 2018, $156,000 of the remaining gift cards had passed the date at which BullsEye concludes that the cards will never be redeemed. How much gift card revenue should BullsEye recognize in 2018?

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