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Windowcart gives two loyalty points for each dollar the customer spends in its store. During a particular month, the total sales were $65,000. Customerscan redeem
Windowcart gives two loyalty points for each dollar the customer spends in its store. During a particular month, the total sales were $65,000. Customerscan redeem their loyalty points in blocks of 1,000 and for each block, they get a memory stick costing $20. History reveals that only 65% of the customers redeem their points You are required to prepare necessary journal entries to show revenue and deferred liabilty
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