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In Lizzie Shoes experience, gift cards that have not been redeemed within 12 months are...

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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?

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