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sale and redemption of the gift cards in Years 1 and 2, respectively. (Record debits first, then credits. Exclude explanations from any journal entries.) Prepare
sale and redemption of the gift cards in Years 1 and 2, respectively. (Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the joumal entry to record the sale of the gift cards. Do not record the redemption entry. We will do that in the following step. Next, prepare the journal entry to record the gift card redemption. Do not record the expense related to the sale. We will do that in the following step. Finally, journalize the expense related to the sale
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