Presented below are selected transactions of Splish Restaurant for the month ending August $31,2025.$

a$.$ Splish sells $80$ gift cards at $$80$ per gift card and $50$ of the gift cards are redeemed by year end. It is estimated that $10$ of the

gift cards will not be redeemed.

b$.$ Splish accepted a reservation for its private dining room for a rehearsal dinner in September. It received a security deposit of

$$300,$ which will be returned after the dinner is held.

Prepare entries for the Splish transactions. $($If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit

account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem

statement. List all debit entries before credit entries. Round intermediate calculations to $2$ decimal places, e$.$g$.15\mathrm{.}25\%$ and final answers to $0$

decimal places, e$.$g$.5,125.)$

Date

Account Titles and Explanation

Debit

Credit

Unearned Gift Card Revenue

$($To record the sale of $80$ gift cards$)$

Unearned Gift Card Revenue

Sales Revenue $($Breakage$)$

Sales Revenue

$($To record redemption and breakage of gift cards$)$

Refundable Deposit Liability