Exercise 8-11A Record gift card transactions (LO8-4) Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2021, Vail sells gift cards (lift passes) for $100,000. The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April 1, 2022. Customers redeem gift cards of $20,000 in December, $30,000 in January, $25,000 in February, and $15,000 in March. Required: 1.-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.) Answer is complete but not entirely correct. No Account Title Credit Date October 01, 2021 Debit 100,000 Cash Deferred Revenue 100,000 December 31, 202 Deferred Revenue 20,000 Sales Revenue 20,000 3 March 31, 2022 Deferred Revenue 15,000 > Sales Revenue 15,000 April 01, 2022 Deferred Revenue 10,000 Sales Revenue 10,000