# 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 \$18,000 during August of 2016. \$4,000 of cards were redeemed in September of 2016, \$3,000 in October, \$2,500 in November, and \$2,000 in December of 2016. In 2017 an additional \$1,000 of cards were redeemed in January and \$500 in February. How much gift card revenue associated with the August 2016 gift card sales would Lizzie get to recognize in 2016 and 2017?

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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 \$18,000 during August of 2016. \$4,000 of cards were redeemed in September of 2016, \$3,000 in October, \$2,500 in November, and \$2,000 in December of 2016. In 2017 an additional \$1,000 of cards were redeemed in January and \$500 in February. How much gift card revenue associated with the August 2016 gift card sales would Lizzie get to recognize in 2016 and 2017?

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Step 1

1. please see attached the journals that will be posted in year 2016  along with workings

Step 2

2. Attached are the journals to be posted in...

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