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 $117,000. 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 $21,700 in December, $31,700 in January, $26,700 in February, and $16,700 in March. Requlred: 1. to 4. Record the necessary entries in the Journal Entry Worksheet below. (If no entry Is requlred for a partleular transactlon/event, select "No Journal Entry Requlred" In the flrst occount fleld.) Journal entry worksheet 4 Record the sale of gift cards on October 1, 2024. Note: Enter debits before credits. Journal entry worksheet 1 Record the redemption of gift cards as of December 31, 2024. Note: Enter debits before credits. Journal entry worksheet Record the redemption of gift cards in 2025 by preparing a summary entry as of March 31, 2025. Note: Enter debits before credits. Journal entry worksheet Record the expiration (breakage) of gift cards on April 1, 2025. Note: Enter debits before credits
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