Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2024, Vall 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 < Record the sale of gift cards on October 1, 2024. Note: Enter debits before credits Date October 01, 2024 General Journal Debit Credit

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