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Moon Company sold $2,000 in git cards on a special promotion on October 15, 2024,...

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Accounting

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Moon Company sold $2,000 in git cards on a special promotion on October 15, 2024, and sold $3,000 in gift cards on another special promotion on November 15, 2024. Of the cards sold in October, $200 were redeemed in October, $500 in November, and $600 in December, Of the gift cards sold in November, $300 were redeemed in November and $700 were redeemed in December, Moon Company views the probability of redemption of a gint card as rechote if the card has not been redeemed within two months. At 12/3V2024, Moon Company would show a deferred revenue account for the gift cards with a balance of: Mutiple Choice so. $2,000 $3,000

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