Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Voil is on.pdf

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Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Voil is one of the largest ski resorts in the United States. Suppose that on October 1. 2024, Vall sells gift cards (lift passes) for $116,000 The gift cards are redeemable for one day of skling during the upcoming winter season. The gift cards expire on April1, 2025. Customers redeem. gift cards of $21,600 in December, $31,600 in January, $26,600 in February, and $16,600 in March. Required: 1. to 4. Record the necessary entries in the Joumal Entry Worksheet below. (If no entry is required for a particular transaction/event. select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record the sale of gift cards on October 1, 2024. Tote: Enter debits before credits. Exercise 8-11 (Algo) Record gift card transactions (LO8-4) 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 $116.000 The gift cards are redeemable for one day of sking duiling the upcoming winter season. The gift cards expire on Aprit1, 2025 Customers redeem gitt cards of $21,600 in December, $31,600 in January, $26,600 in February, and $16,600 in March. Required: 1. to 4. Record the necessary entries in the Journal Entry Worksheet betow. (If no entry is required for a perticular transaction/event. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the redemption of gift cards as of December 31, 2024. Wote: Enter debits bhfore vediti. Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2024, Vail sells gift cards (lift posses) for $116.000 The gift cards are redeemable for one day of sking during the upcoming winter season The gift cards expire on April1,2025 Customers redeem gift cards of $21,600 in December, $31,600 in January, $26,600 in February, and $16,600 in March Required: 1. to 4. Record the necessary entries in the Joumal 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 redemption of gift cards in 2025 by preparing a summary entry as of March 31, 2025. Note: Enter debits before credits. Exercise 8-11 (Algo) Record gift card transactions (LO8-4) Vail is one of the largest ski resorts in the United States. Suppose that on October 1. 2024. Voil sells gift cards (iift passes) for $116,000. The git cards are redeemable for one day of skiing duting the upcoming winter season The gift cards expire on April 1, 2025. Customers redeem gift cards of $21,600 in December, $31,600 in January, $26,600 in Februaty, and $16,600 in March Required: 1. to 4. Record the necessary entries in the Joumal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) Journal en.

Formation

transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry
worksheet 1 Record the expiration (breakage) of gift cards on Apal 1, 2025. topel inter Alebls
before credits.

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