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2. Determine the liability for gift cards to be reported on the December 31, 2024, balance sheet. 3. What is the appropriate classification (current
2. Determine the liability for gift cards to be reported on the December 31, 2024, balance sheet. 3. What is the appropriate classification (current or noncurrent) of the liabilities at December 31, 2024? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the appropriate journal entries (in summary form) for the gift cards and meals sold during 2024 (keeping in mind that, in actuality, each sale of a gift card or a meal would be recorded individually). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 Record the gift cards sold during 2024.1 Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal
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