Question
A member of a coffee loyalty program purchased a cup of coffee for his buddy for $4.95 and then redeemed his filled card for a
A member of a coffee loyalty program purchased a cup of coffee for his buddy for $4.95 and then redeemed his filled card for a free coffee worth $3.95. The journal entry by the coffee shop to record this purchase would include
a debit to Cash for $8.90.
a credit to Coffee Sales for $3.95.
a debit to a Sales Discount for Redemption Rewards account for $3.95.
a debit to a Unearned Revenue-Loyalty Program account for $3.95.
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Financial And Accounting Principles In Islamic Finance
Authors: Samir Alamad
1st Edition
3030162982, 9783030162986
