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Marigold Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of

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Marigold Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of $0.021, which can be used to purchase products in the company's retail marine store. In July, the company sold 110000 litres of gasoline. By the end of the August, customers redeemed 25000 of the rewards Marigold should make which of the following entries to record the redemption? 525 O Cash Redemption Reward Liability O Redemption Reward Liability 525 Cash O Cash 525 Redemption Expense 525 Redemption Expense Cash

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