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Question: in lizzie shoes experience gift cards that have not been...

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E Connect ACCOUNTING Chapter 13A Required Assignment Question 7 (of 13) 1.00 points Brief Exercise 13-7 Advance collection [LO13-3) 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 of 2016. $3,000 of cards were redeemed in September of 2016, $3,100 in October, $2,850 in November, and $2,750 in December of 2016. In 2017 an additional S1210 of cards were redeemed in January and $735 in February in 2016 ga revenue associated with the August 2016 git card sales would Lizzie get to recognize and 2017? Revenue 2016 2017
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