On December $5,$ the store received $$550$ from the Selig Players as a deposit to be returned after certain furnitura to be used in stage production was returned on January $15.$

Durins December, cash sales totaled $$822,150,$ which includes the $5\%$ sales tax that must be remitted to the state by the fifteenth day of the following month.

On December $10,$ the store purchased for cash three delivery trucle for $$123,700.$ The trucks were purchased in a state that applies a $5\%$ sales tax.

The store sold $28$ gift cards for $$100$ per card. At year$-$end, $23$ of the gift cards are redeemed. Waterway expects three of the cards to expire unused.

Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjustine 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 are recorded only once a year on December $31.($I gnore Cost of Goods Sold$\mathrm{.}11$if no entry is required, select $"$No Entry" for the account titles and enter Ofor the amounts. Credit aceoint tives are autamitically indented wheramount is enfercd. Do nat indent manually. Record journal entries in the arder presented in the problem. List ail debit entries before creditentries. Round intermediate calculations to $4$ decimal places, es$.0\mathrm{.}2345$ and final answer to $0$ decimal places, es $2,1324)$

Date Account Titles and Explanation

Cark

Uneamad Reveine

Can

Salas axmus

DEsite

Dee $31$

Unearned Glt Cand hewnse

$($To record sale of $28$ pift cards$)$

Dre $31$

p$.$

Desit

D$$bit

$2200$

Salka Revenue $($Ersakexi$)$

Credit