Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2024, Vail sells gift cards (lift passes) for $100,000. The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April 1, 2025. Customers redeem gift cards of $20,000 in December, $30,000 in January, $25,000 in February, and $15,000 in March. Required: 1. to 4. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Date October 01, 2024 3 Record the sale of gift cards on October 1, 2024. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal

Vail is one of the largest ski resorts in the United States. Suppose that on October 1,2024 , Vail sells gift cards (lift passes) for $100,000. The gift cards are redeemable for one day of skiing during the upcoming winter season. The gift cards expire on April 1, 2025. Customers redeem gift cards of $20,000 in December, $30,000 in January, $25,000 in February, and $15,000 in March. Required: 1. to 4. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale of gift cards on October 1, 2024. Note: Enter debits before credits. Journal entry worksheet Record the redemption of gift cards as of December 31, 2024. Note: Enter debits before credits. Journal entry worksheet Record the redemption of gift cards in 2025 by preparing a summary entry as of March 31, 2025. Note: Enter debits before credits. Record the expiration (breakage) of gift cards on April 1, 2025. Note: Enter debits before credits