2:40 PM Sun Feb 7 100% Ch 13 Homework Ch 13 Homework Question 5 of 6 < > -/20 Tamarisk offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $3.40. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $3.15. In addition, it costs 50 cents to distribute each code. The results of the premium plan for the years 2020 and 2021 are as follows. (All purchases and sales are for cash.) 2020 2021 MP3 codes purchased 345,000 455,400 Candy bars sold 2,998,000 2,809,300 Wrappers redeemed 1,656,000 2,070,000 2020 wrappers expected to be redeemed in 2021 2021 wrappers expected to be redeemed in 2022 400,200 483,000 (a) Prepare the journal entries that should be made in 2020 and 2021 to record the transactions related to the premium plan of the Tamarisk. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 1,525.) Account Titles and Explanation Inventory of Premiums Cash (To record the premium inventory.) Debit 2020 1086750 C