Gift Cards and Customer Loyalty Programs The liability for unredeemed gift cards and customer loyalty programs is included in accounts payable and accrued llabilities on the Company's Consolidated Balance Sheets and was $481 million as of January 29, 2022, and $616 million as of Jantary 30,2021 . During 2021 and 2020 , the Company recognized approximately $26 million and $30 million. respectively, in breakage income related to changes in breakage rate estimates. Changes in the liability for unredeemed gift cards and customer loyalty programs are as follows: Required: Re-create the journal entry that was recorded for the year-ended 2021 for customers who redeemed their gift cards or loyalty points during the year; make it clear what accounts are debited and credited and the amount