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Q5: What entry/ies should the Company record for the 80 needles shipped on August 1, 2018? On December 1, 2018, Larry redeemed 35,000 loyalty points

Q5: What entry/ies should the Company record for the 80 needles shipped on August 1, 2018?

On December 1, 2018, Larry redeemed 35,000 loyalty points and ordered 200 needles.

Upon receiving the order for 200 needles on December 1, 2018, the Company updates its

estimate of redemption to 99 percent (for a total additional expected redemption of

89,600 points).

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