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 $$115,000.$ The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April $1,2025.$ Customers redeem gift cards of $$21,500$ in December, $$31,500$ in January, $$26,500$ in February, and $$16,500$ 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.$)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,,,Debit,Credit$],[1,$October $01,2024,$Cash,$*,,],[,$Deferred Revenue,$,,],[2,$December $31,202,$Deferred Revenue,$*,,],[,$Sales Revenue,$,,],[3,$March $31,2025,$Deferred Revenue,$0,,],[,$Sales Revenue,$0,,],[4,$April $01,2025,$Deferred Revenue,$0,,],[,$Sales Revenue,$0,,]]$