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 (lift passes) for \\( \\$ 104,000 \\). The gift cards are redeemable for one day of sking during the upcoming winter season, The gift cards expire on April 1. 2025 . Customers redeem gift cards of \\( \\$ 20,400 \\) in December, \\( \\$ 30,400 \\) in January, \\( \\$ 25,400 \\) in February, and \\( \\$ 15,400 \\) in March. Required: 1. to 4. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transoction/event, select \"No Journal Entry Required\" in the first account field.) Journal entry worksheet Record the redemption of gift cards as of December 31, 2024. Note: Enter debits beYore credits. 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. Journal entry worksheet Record the expiration (breakage) of gift cards on April 1, 2025. Note: Enter debits before credits