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Marin's Sports Store has a customer loyalty program in which it issues points to customers for every cash purchase that can be applied to future
Marin's Sports Store has a customer loyalty program in which it issues points to customers for every cash purchase that can be applied to future purchases. For every dollar spent, a customer receives three points. Each point is worth one cent. There is no expiry date on the points. Marin's estimates that 38% of the points issued will eventually be redeemed. Marin's has a December 31 year end. The program was started in 2023 . During 2023,990,000 points were issued. Sales for 2023 were $330,000. In 2024,1,290,000 points were issued. Total sales for 2024 were $430,000. (a) Your answer is correct. What is the stand-alone value of the points issued in 2023 ? In 2024? What is the stand-alone value of the points issued in 2023? In 2024? 2023$ 2024$ eTextbook and Media List of Accounts Prepare the journal entries to record the sales for 2023 and 2024. (Round answers to 0 decimal places, e.g. 1,575. Do not round intermediate calculations. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no en is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entrios hofnum a. in
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