stion $6$ of $6$

$\frac{0\mathrm{.}88}{1}$

Cheyenne sells $82$ 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$.$ Cheyenne 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 Cheyenne transactions. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the cirder 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$.5,125.)$

$$

$($To record the sale of $82$ gift cards$)$

Debit

Credit

Unearned Gift Card Revenue

$$

$$

$$

$$

$$

$$

$$

$$

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