Question: Crane Marina has a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer receives a redemption reward, which can
Crane Marina has a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer receives a redemption reward, which can be used to purchase products in the companys retail marine store. In July, the marina sold 90000 litres of gasoline. The entry to record the liability for the July sales would be a credit to ______.
A) Unearned RevenueLoyalty Program
B) Sales Discounts
C) Cash
D) Refund Liability
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