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Shediac Bay Marina Had a Customer Loyalty Program at Its

Question 56

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Shediac Bay Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of $.015 which can be used to purchase products in the company's retail marine store. In July, the company sold 100,500 litres of gasoline.
-By the end of the August, customers redeemed 25,000 of the rewards. Shediac should make which of the following entries to record the redemption? Shediac Bay Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of $.015 which can be used to purchase products in the company's retail marine store. In July, the company sold 100,500 litres of gasoline. -By the end of the August, customers redeemed 25,000 of the rewards. Shediac should make which of the following entries to record the redemption?

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