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Vail is one of the largest ski resrots in the United States. Suppose that on October 1, 2024. Vail sells gift cards (lift passes) for

Vail is one of the largest ski resrots in the United States. Suppose that on October 1, 2024. Vail sells gift cards (lift passes) for $109,000. The gift cards are redeemable for one day of skiing during the upcomming winter season. The gift cards expire on April1, 2025. Customers redeem gift cards of $20,900 in December. $30,900 in January. $25,900 in February and $15,900 in march

Record the sale of gift cards on October 1 2024

Record the redemption of gift cards as of December 31, 2024

Record the redemption of gift cards by preparing a summary entry as of March 31, 2025

Record the expiration ( breakage) of gift cards on April, 2025

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