Cracker Corporation began a special promotion in July 2018 in an attempt to increase sales. A coupon was included in various print advertisements. Customers could send in four coupons to receive $1.45. Cracker's management estimated that 65% of the coupons would be redeemed. For the six months ended December 31, 2018, the following information is available:

Coupons distributed	1,000,000
Coupons redeemed	550,000

Record all necessary journal entries for the coupon offer for 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the entry for Coupons distributed.

2. Record the Coupons redeemed.