Prepare the journal entry needed for the January 2024 redemptions. (Credit account tities are outomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal ploces, es. 5,275. List all debit entries before credit entries.) Prepare the journal entry needed for the February 2024 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 O for the amounts. Round answers to 0 decimal ploces, eg. 5,275. List all debit entries before credit entries) During December 2023 , Oriole Ltd. sells $26,000 of gift cards to customers. From reliable past experience, management estimates that 8% of the gift cards sold will not be redeemed by oustomers, in lanuary 2024, $2,400 of these cards is redeemed for merchandise with a cost of $1,800. In February 2024, a further $9,800 of these cards is redeemed for merchandise with 2 cost of $7,840. The company uses a perpetual inventory system and has a February 28 year end. (a) Prepare the journal entry needed for December 2023. (Credit account titles are aufomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entrys