(Solved): Presented below are selected transactions of Sheffield Restaurant for the month ending Augu ...

Presented below are selected transactions of Sheffield Restaurant for the month ending August 31, 2025. a. Sheffield sells 80 gift cards at $$\$74$$ per gift card and 54 of the gift cards are redeemed by year end. It is estimated that 10 of the gift cards will not be redeemed. b. Sheffield accepted a reservation for its private dining room for a rehearsal dinner in September. It received a security deposit of $$\$300$$, which will be returned after the dinner is held. Prepare entries for the Sheffield transactions. IIf no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement. List all debit entries before credit entries. Round intermediate calculations to 2 decimal places, e.g. $$15.25\%$$ and final answers to 0 decimal places, e.g. 5.125.) Unearned Gift Card Revenue (To record the sale of 80 gift cards) ugust 2025 Unearned Gift Card Revenue Sales Revenue (Breakage) Sales Revenue (To record redemption and breakage of gift cards) ugust $$2025?$$ Cash $$300$$ Refundable Deposit Liability