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Uneamed revenue which represents the companys oblgation to

Question: Uneamed Revenue, which represents the company's oblgation to honor gift cards previously Issued to customers, totaled $7,000 at the beginning of the year and $10,500 at the end of the year. Customers purchased gift cards amounting to $57,000 during the year. What was the amount of gift cards redeemed by customers during the year?

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Accounting Basics: Uneamed revenue which represents the companys oblgation to

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