Sarah's Pottery and Gift store had the following transactions: a. On November 15, 2015, Katie, from a small office business, Custom Graphics, contacted Sarah to purchase gift cards for the holiday season. Katie's boss gave her $7,200 to purchase 90 gift cards with a value of $80 each from Sarah. b. During the month of December, 85 of the $80 gift cards were used in full by staff members of Custom Graphics. Required: 1-a. Prepare the journal entries for each of the transactions. View transaction list Journal entry worksheet Record the sale of 90 gift cards, $80 each. Note: Enter debits before credits. General Journal Debit Credit Date Nov 15, 2017 Record entry Clear entry View general journal 1-b. Calculate the liability that will remain on the December 31, 2015 balance sheet for Sarah's Pottery and Gift Store. (Round the final answer to the nearest whole dollar amount.) Liability