View Policies Current Attempt in Progress During February the last month of the scal year, Be My Valentine Ltd vells $21.400 of gift cards. From experience management estimates that of the gift cards sold will not be redeemed ty customers. In March. 84.600 of these cards is redeemed for merchandise with a cost of $2,500. In April further $13.000 of these cards is redeemed for merchandise with a cost of $400. The company uses a perpetual inventory system Also in February, Be My Valentine had $1,000 of unused gift cards that were over one year old and were not expected to be used. The amount was in line with the companys normal breakage and all other gift cards of the same age had been ined. (a) Prepare journal entries to record the transactions for February March and April (Enter debit entries first followed by Credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places, 125) Debit Credit Date Account Titles and Explanation Questions or 15 (To record break (Gift cards redeemed for merchandise To record cost of merchandise (To record breakage) Wuestion 5 of 15 > (To record break -1 (Gift cards redeemed for merchandise (To record cost of merchandise (To record breakage e Textbook and Media List of Accounts