Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2024. Vail sells gift cards (ilt passes) for \$111,000. The gift cards are redeemable for one day of sking during the upcoming winter season. The gift cards expire on April1,2025. Customers redeem gift cards of $21,100 in December, $31,100 in January, $26,100 in February, and $16,100 in March. Required: 1. to 4. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 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. Record the expiration (breakage) of gift cards on April 1, 2025. Note: Enter debits before credits