Listed below are selected transactionsof Cullumber Department Store for the current vear endine December 31. 1. On December 5 , the store received 5530 from the Selis Players as a deposit to be returned after certain furniture to be used in stage production was returned on Janaary 15. 2. Durins December, cash sales totaled $805,350, which includes 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 purchased for cash three delivery trucks for 5122,200 . The trucks were purchased in astate that applies a 5% sales tax 4. The store sold 28 gift cards for 5100 per card. At year-nd 23 of the gift cards are redeemed. Cullumber expects three of the cards to expire unused. Prepare all the joumal entries necessary to record the transactions noted above as they occurred and any adjuating 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 ad;usting entries are recorded only once a year on December 31 . Wisnore Cost of Goods Seld) [ff no entry ls required, select "No Entry" for the occount bibles end enter O for the amounts Credit occount titles are autamatically indented when anount is entered Do not indent inanually. Record joumal entries in the order presented in the problen. List oll debit entries before credit entries. Round intermedfote calculotions to 4 decimal ploces, es. 0.2345 and fimal answer to 0 decimal ploces, es. 2, 1324