Consider the following scenario. Auditor Forum has launched a promotion for its credit card customers. According to the promotion, the customers will receive a gift voucher worth $500 with their monthly bill if they spend $15,000 more than their last month's spending and their last month's bill is not less than $10,000.Draw a flow chart showing the above process.

Orange sells gift cards in $15, $25, and $50 increments. Assume Orange sells $19.6 million in iTunes gift cards in November, and customers redeem $12.6 million of the gift cards in December.Required:1. & 2. Record the necessary entries in the Journal Entry Worksheet below.3. What is the ending balance in the Deferred Revenue account?

When Pizza Company sells three $100 gift cards at the beginning of the month, it should record a $300 debit to Blank______ and a $300 credit to Blank______.Multiple choice question.Deferred Revenue; CashCash; Service RevenueAccounts Receivable; RevenueCash; Deferred Revenue

You spend $300 on a holiday using your credit card, your parents give you a gift of $500 cash and you earn $200 in interest on your savings account. Calculate the overall effect of these three events on your PROFIT.Note: Please do NOT include dollar signs or commas in your answer.

T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:Multiple choice question.Accounts Receivable for $500Sales for $500Cash for $500 and Credit Card Expense for $25Cash for $475 and to Credit Card Expense for $25

Watermelon sells gift cards in $15, $25, and $50 increments. Assume Watermelon sells $19.1 million in iTunes gift cards in November, and customers redeem $12.1 million of the gift cards in December.Required:1. & 2. Record the necessary entries in the Journal Entry Worksheet below.3. What is the ending balance in the Deferred Revenue account?