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Maximum inc has a loyalty program that rewards its customers one point for 1 spent....

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Accounting

Maximum inc has a loyalty program that rewards its customers one point for 1 spent. Points are redeemable for 0.20 off future purchases. A customer purchases products for cash at the usual selling price of 280 and earns 280 points redeemable. Prepare maximum's journal entry to record 280 sale to the customer

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