$4$ In the month of May, Love You Mom Ltd$.$ sells $$36,500$ of gift cards. The company has been in business $5$ for several years and management has been using the data to estimate redemption of the cards. It is $6$ estimated that $12\%$ of the gift cards sold will never be redeemed by customer. In the month of June, $7$$$12,000$ of the cards are redeemed for products with a cost of $$8,500.$ In the month of July, $$7,000$ of $8$ the cards are redeemed for products with a cost of $$5,500.$

The company uses a perpetual inventory system. In May, the company also had $$2,000$ of unused gift cards that were over one year old and were not expected to be redeemed. This was in line with the company's normal breakage and all other gift cards of the same age had been used.

$\backslash$table$[[$Date$,$ACCOUNT TITLES,Debit,Credit$],[$May$,,,],[,,,]]$

$\backslash$table$[[$May$,,,],[,,,]]$

$\backslash$table$[[$June$,,,],[,,,],[,,,],[,,,]]$

$\backslash$table$[[$June$,,,],[,,,],[,,,],[$July$,,,]]$