Shediac Bay Marina Had a Customer Loyalty Program at Its

question 43

Multiple Choice

Shediac Bay Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of $.015 which can be used to purchase products in the company's retail marine store. In July, the company sold 100,500 litres of gasoline.
-The entry to record the liability for the July sales would a $______ credit to ________.

• A) $1,507.50; Redemption Reward Liability
• B) $1,507.50; Sales Discounts
• C) $1507.50; Cash
• D) $3,015; Cash

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA.

Protein-Coding Genes

Genes that contain the instructions for producing proteins, which are crucial molecules involved in various cellular functions and processes.

Sperm Cells

are male reproductive cells that carry a man's DNA and are essential for fertilizing a female's egg to initiate pregnancy.

Egg Cells

The female reproductive cells, also known as ova or oocytes, which combine with a male sperm cell to form a new organism.