I listed the JE terms that are listed so you can help me figure out both of the credit terms for the JE. I also need help figuring out the "1. revenue recognized from january gift card sales." thank you!

Journal entry worksheet (3) Record the January gift card sales. Note: Enter debits before credits. 4. What liabllity for deferred revenue associated with gift card sales would Circuittown show as of December 31,2024 ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. 3. How much revenue will CircuitTown recognize with respect to March gift card sales during 2024 ? 4. What liability for deferred revenue associated with gift card sales would CircuitTown show as of December 31, 2024? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1. How much revenue will CircultTown recognize with respect to January gift card sales during 2024 ? 3. How much revenue will CircuitTown recognize with respect to March gift card sales during 2024 ? 4. What llability for deferred revenue associated with gift card sales would CircuitTown show as of December 31, 2024? Journal entry worksheet Record the January gift card sales. Note: Enter debits before credits. Journal entry worksheet 3 Record the January gift card sales. Note: Enter debits before credits. Circuittown commenced a gift card program in January 2024 and sold $12,300 of gift cards in January, $18,250 in February, and $19,900 in March 2024 before discontinuing further gift card sales. During 2024, gift card redemptions were $6,850 for the January gift cards sold, $5,750 for the February cards, and $3,900 for the March cards. Circuitiown considers gift cards to be "broken" (not redeemable) 10 months after sale. Required: 1. How much revenue will Circuittown recognize with respect to January gift card sales during 2024 ? 2. Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. 3. How much revenue will CircuitTown recognize with respect to March gift card sales during 2024 ? 4. What liability for deferred revenue associated with gift card sales would CircuitTown show as of December 31, 2024? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. (expiration) of gift cards. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet (3) Record the January gift card sales. Note: Enter debits before credits