Exercise 8-11A Record gift card transactions (LO8-4) Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2021, Vail sells gift cards (lift passes) for $100,000. The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April 1, 2022. Customers redeem gift cards of $20,000 in December, $30,000 in January, $25,000 in February, and $15,000 in March. Required: 1.-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.) X Answer is complete but not entirely correct. No Date Account Title Debit Credit October 01, 2021 Cash 100,000 Deferred Revenue 100,000 - 2 December 31, 202 Deferred Revenue 20,000 Sales Revenue 20,000 March 31, 2022 Deferred Revenue 25,000 X Sales Revenue 25,000 X April 01, 2022 Deferred Revenue 10,000 Sales Revenue 10,000