To increase its already strong customer base, Starbucks implemented a customer loyalty program that rewards a customer with one loyalty point for every $$20$ of purchases of coffee products. Each point is redeemable for a $$1$ discount. During December $2023,$ customers purchased coffee products for $$100,000$ and earned $5,000$ points redeembale for future purchases. The stand$-$alone selling price of the coffee products customers purchased is $$100,000.$ Based on prior experience with incentive programs like this, it expects $4,500$ points to be redeemed related to these sales.

During December $2023,$ Starbucks sells $$10,000$ of gift cards for Christmas gifts. From reliable past experience, management estimates that $10\%$ of the gift cards sold will not be redeemed. By the end of February, $$4,000$ was redeemed by customers.

Required:

Prepare the journal entries ignoring the cost of goods sold$/$inventory entries.

$1)$ for loyalty points for December $2023$

$2)$ for gift card sales for December $2023$

$3)$ for gift card redemptions assuming the customers are not members of the loyalty program.