Air canada offers a customer loyalty program that grants members award miles for each flight taken. members can redeem air miles which expire every 5 years after issuance, for future flights. members must redeem 15 000 miles and pay $100 service charge to obtain a flight under the reward program. other facts related to flights and airmails are:

- In 2019, air canada received $10 000 000 cash in flight- related revenue for flights taken in 2019.

-Air canada expects that 80% of the 9 375 000 air miles awarded in 2019 will be redeemed prior to their expiry.

-the performance obligation pertaining to the award miles is estimated to be $75 000

-during 2020, 200 award flights were claimed

-during 2021, 150 award flights were claimed

QUESTION:

1) prepare required journal entries to record flight related and air mile activity for 2019.

2) Prepare journal entries to recognize award revenue in 2020 and 2021