Question: Question 4 of 5 < > (b) 2/4 E Marigold sells 20 non-refundable $100 gift cards for 3D cartridges on March 1, 2022. The


Question 4 of 5 < > (b) 2/4 E Marigold sells 20 non-refundable $100 gift cards for 3D cartridges on March 1, 2022. The cartridges have a standalone selling price of $100 (cost $80). The gift cards expiration date is June 30, 2022. Marigold estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows. March 31 Redemption Total 50% April 30 80 June 30 85 Prepare the 2022 journal entries related to the gift cards at March 1, March 31, April 30, and June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971.) Date Account Titles and Explanation Mar. 1, 2022 Cash Debit Credit
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