a$.$ Pharoah sells $86$ gift cards at $$74$ per gift card and $55$ of the gift cards are redeemed by year end. It is estimated that $10$ of the

gift cards will not be redeemed.

b$.$ Pharoah accepted a reservation for its private dining room for a rehearsal dinner in September. It received a security deposit

of $$300,$ which will be returned after the dinner is held.

Prepare entries for the Pharoah transactions. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the

problem statement. List all debit entries before credit entries. Round intermediate calculations to $2$ decimal places, e$.$g$.15\mathrm{.}25\%$ and final

answers to $0$ decimal places, e$.$g$.5,125.)$

$($To record the sale of $86$ gift cards$)$

Unearned Gift Card Revenue

Sales Revenue $($Breakage$)$

$($To record redemption and breakage of gift cards$)$

$$