Exercise $8-11($Algo$)$ Record gift card transactions $($LO$8-4)$

Vail is one of the largest ski resorts in the United States. Suppose that on October $1,2024,$ Vail sells gift cards $($lift passes$)$ for $$119,000.$ The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April $1,2025.$ Customers redeem gift cards of $$21,900$ in December, $$31,900$ in January, $$26,900$ in February, and $$16,900$ in March.

Required:

to $4.$ Record the necessary entries in the Journal Entry Worksheet below. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the sale of gift cards on October $1,2024.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$October $01,],[2024]],,,],[,,,],[,,,],[,,,]]$