Please help me

During December 2020, Soft Skin Ltd. sells $22,000 of gift cards to customers. From reliable past experience, management estimates that 9% of the gift cards sold will not be redeemed by customers. In January 2021, $2,500 of these cards is redeemed for merchandise with a cost of $1,875. In February 2021, a further $9,300 of these cards is redeemed for merchandise with a cost of $7,440. The company uses a perpetual inventory system and has a February 28 year end.

Prepare the journal entry needed for December 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
December, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Prepare the journal entry needed for the January 2021 redemptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
January, 2021	enter an account title to record sales	enter a debit amount	enter a credit amount
	enter an account title to record sales	enter a debit amount	enter a credit amount
	(To record sales)
January, 2021	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)

eTextbook and Media

List of Accounts

Prepare the journal entry needed for the February 2021 redemptions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
February, 2021	enter an account title to record sales	enter a debit amount	enter a credit amount
	enter an account title to record sales	enter a debit amount	enter a credit amount
	(To record sales)
February, 2021	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)

eTextbook and Media

List of Accounts

What amount, if any, will appear on the SFP concerning gift cards at February 28, 2021?

The SFP will show a balance of $enter a dollar amount as a select an item long-term liabilitycurrent liabilityshareholders' equitycapital stockcurrent asset for unredeemed gift cards.