Concord Company offers a set of building blocks to customers who send in $3$ UPC codes from Concord cereal, along with $50c.$ The

block sets cost Concord $$1\mathrm{.}00$ each to purchase and $60c$ each to mail to customers. During $2025,$ Concord sold $960,000$ boxes of

cereal. The company expects $30\%$ of the UPC codes to be sent in$.$ During $2025,96,000$ UPC codes were redeemed. Prepare Concord's

December $31,2025,$ adjusting entry. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit

account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Premlum Expense

Premlum Llabillty