Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Vaili is one of the largest ski resorts in the United States. Suppose that on October 1, 2024, Vail sells gift cards (ift passes) for $119,000. The gift cards are redeemable for one day of skling during the upcoming winter season. The gift cards expire on April1,2025. Customers redeem gitt cards of $21,900 in December, $31,900 in January, $26,900 in February, and $16,900 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.)