Blair Company includes 1 coupon in each box of cereal box that it packs, and 5 coupons are redeemable for a premium (a kid's baseball). In 2020. Crow purchased 25,000 premiums at $1.50 each in cash and sold 100,000 boxes of cereal at $5.00 per box [ 300,000 in cash and the rest on account]; 10,000 coupons were presented for redemption in 2020 . It was estimated that 60% of the coupons would eventually be presented for redemption. Required: Prepare all the entries that would be made relative to sales of cereal and to the premium plan in 2020. Select from the following accounts (note the account number also) in preparing your journal entries