Godo Real People Sporting (RPS) Co-op Introduced a loyalty program in 2023. Every customer who signed up would receive 2% of their totalpurchases as a cheque, each February for the previous year, that could be used in-store on any merchandise within the next ninemonths. Customers could look online during the year and check their balance at any time. Laura signed up for the program in 2023,when she purchased a kayak in July for $900. Later, In September, she purchased a mountain bike for $1,800. In March 2024, shepurchased a paddle board for $1,600 and used her cheque toward the purchase.Required:8. Prepare the journal entries for RPS Co-op for each of the transactions in July 2023, September 2023, and March 2024.View transaction listJournal entry worksheet123Record the sale of kayak and loyalty points.Jul, 2023Note: Trer debts before creditsGeneral JournalDebitCredit b. In 2023 RPS Co-op had a total of $506,000 in sales to customers who had signed up with the loyalty program. What is the amountof liability that would be created by these sales? (Round the final answer to the nearest whole dollar amount.)

Name: Godo Real People Sporting (RPS) Co-op Introduced a loyalty program in
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Godo Real People Sporting (RPS) Co-op Introduced a loyalty program in 2023. Every customer who signed up would receive 2% of their totalpurchases as a cheque, each February for the previous year, that could be used in-store on any merchandise within