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Which entries to record the redemption

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Reference no: EM132575999

Question - Bass 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 100,000 litres of gasoline. By the end of the August, customers redeemed 25,000 of the rewards. Bass Bay should make which of the following entries to record the redemption?

Reference no: EM132575999

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