During the month of July, Flint Toy Company started a new promotion. The company offered to reward their customers for all sales made on Barbie dolls or Toy Trucks during July. For each sale made, the customer will receive a 2% reward of the sales price, which can be redeemed on future purchases until December of the current year. Flint Toy Company estimates that 50% of the rewards will be redeemed. The stand-alone value of the rewards is $2,200. During the month of July, $110,000 of Barbie dolls and Toy Trucks were sold. There was $415 worth of redemptions in August. (a) Your answer is correct. Prepare the journal entries to record all transactions related to the reward promotion. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit choose a transaction date July 31 Correct answer enter an account title Cash Correct answer enter a debit