Gifting: Does it come from my account or my credit card?

One kid - Johnny - had a 40$ itunes card
Other kid - Sarah - had a 15$ itunes card
They accidentally switched cards - Sarah redeemed the 40$ card.
Can she Gift Johnny 25$?
Will the money come out of her itunes account or from the credit card?

David.Katz wrote:
For instance - can one kid gift a movie to the other?
All gifts will be taken from a credit card.

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