Essay
In December 2017,a shoe store offered its customers a discount voucher that entitles them to a 30% discount on their purchases the following January.The store's sales for December 2017,were of $2 million and 15,000 vouchers were awarded to customers.The store estimates that approximately 20% of the vouchers will be redeemed by customers and that sale proceeds in January 2018 will be of $1.5 million.
Provide the necessary journal entries for fiscal 2017 and 2018.
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