Which is the correct ending balance in unearned revenue, Financial Accounting

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Which is the correct ending balance in unearned revenue

Problem

Lollis, Inc. began the year with a balance of $20,000 in unearned revenue related to unredeemed gift cards. Lollis sold gift cards in the amount of $48,000 during the year. During the year, 75 percent of the total card balance outstanding was redeemed. At the end of the year, $3,400 of the total card balance expired. Which is the correct ending balance in unearned revenue related to gift cards?

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Financial Accounting: Which is the correct ending balance in unearned revenue

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Financial Accounting: Which is the correct ending balance in unearned revenue

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