Listed below are selected transactions of Shamrock Department Store for the current year ending December 31 . 1. On December 5 , the store received $470 from the Selig Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15. 2. During December, cash sales totaled $819,000 which indudes the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. 3. On December 10, the store gurchased for cash three delivery trucks for $109,000. The trucks were purchased in a state that . applies a 5% sales tax. 4. Thestore sold 29 gift cards for $100 per card. At year-end, 24 of the gitt cards are redeemed. Shamrock expects three of the cards to expire unused. Prepare all the jaurnal entries necessary to record the transactions noted above as they occurred and any adjusting journal entries relative to the transactions that would be required to present fair financial statements at December 31 . Date each entry. For simplicity. assume that adjusting entries sce recorded only once a year on December 31. Hgrore Cost of Goods Sold.) (lf no entry is required select "No Entry" for the account titles and enter O far the amourts. Credit account tities ore outomatically indented when amount is entered. Do not indent manually. Record journal entries in the crder presented in the problem. List ail debit entries before credit entries. Raund intermediate