During YR01, Amazon Inc. began selling gift cards for the first time. At the beginning of...

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During YR01, Amazon Inc. began selling gift cards for the first time. At the beginning of the year, 1-1-YR01, all ledger accounts related to gift cards had balances of zero ($0). On 7-1-YR01, Amazon Inc. sold $100 of gift cards for cash. At the date of sale, Amazon expected that $50 of the redeemed in YR01 and another $30 redeemed in YR02. Amazon also expected that $20 of the cards would never redeemed. On 10-1-YR01, $60 of these YR01 gift cards were redeemed via customer purchases. At yearend, 12-31-YR01, Amazon estimated that another $30 of these cards would ultimately be redeemed in YR02 $10 of these cards would never be redeemed. Amazon's policy is to record adjusting journal entries (AJES) once a year at yearend (12-31). What journal entry would be recorded on 7-1-YR01 when the gift cards were sold? During YR01, Amazon Inc. began selling gift cards for the first time. At the beginning of the year, 1-1-YR01, all ledger accounts related to gift cards had balances of zero ($0). On 7-1-YR01, Amazon Inc. sold $100 of gift cards for cash. At the date of sale, Amazon expected that $50 of the redeemed in YR01 and another $30 redeemed in YR02. Amazon also expected that $20 of the cards would never redeemed. On 10-1-YR01, $60 of these YR01 gift cards were redeemed via customer purchases. At yearend, 12-31-YR01, Amazon estimated that another $30 of these cards would ultimately be redeemed in YR02 $10 of these cards would never be redeemed. Amazon's policy is to record adjusting journal entries (AJES) once a year at yearend (12-31). What journal entry would be recorded on 7-1-YR01 when the gift cards were sold?