BestBuy sells electronic equipment and provides services related to that equipment. BestBuy operates a reward program that provides discounts or free merchandise for customers that use the program. In the month of September, BestBuy had total sales of $400,000. $300,000 was made on credit with the remaining $100,000 paid in cash. Of the $400,000 in sales, $350,000 of sales were made to customers using the rewards program. For every $5 spent at BestBuy, rewards program customers receive 1 point. Each point is worth $0.10 off purchases at Best Buy. In the past, reward program members have redeemed their rewards 70% of the time. Use this information for the next 3 questions. What is the standalone price for product sales and the loyalty program, respectively? Product sales: 400,000 Loyalty Program: 4,900 Product sales: 350,000 Loyalty Program: 7,000 None of the listed options O Product sales: 400,000 Loyalty Program: 7,000 Product sales: 350,000 Loyalty Program: 4,900 The entry to record revenue for the month of September: Credit to Sales Revenue for 400,000 Credit to Sales Revenue for 393,120 Credit to Sales Revenue for 394,477 Credit to Sales Revenue for 395,159 Assume no other redemptions or granting of reward points have been made. In October, customers redeem 24,000 reward program points to purchase $2,400 of products. Ignore the cost of sales entry. The entry that Best Buy records related to the redemption of reward points has what effect on the accounting equation: Increase Liabilities Increase Stockholders' Equity Increase Assets Decrease Stockholders' Equity O Decrease Assets