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3. A clothing store maintains a loyalty program for its customers. For every purchase, members receive points that do not expire. In fiscal 20X0, the store made sales of $1 million and awarded 50,000 points that have a fair value of $50,000. The company estimates that approximately 75% of these points will be redeemed by members. Members redeemed 10,000 points in fiscal 20X1. ? ?Which statement is correct? ? A The journal entry at 20X1: Debit Unearned Revenue 13,333 B The journal entry at 20X1: Credit Unearned Revenue 13,333 C The journal entry at 20X1: Debit Unearned Revenue 10,000 D The journal entry at 20X1:Credit Unearned Revenue 10,000



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