Culver Company offers a set of building blocks to customers who send in 3 UPC codes from Culver cereal, along with 40The block sets cost Culver $1.10 each to purchase and 60each to mail to customers During 2020, Culver sold 1,440,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2020, 144,000 UPC codes were redeemed. Prepare Culver's December 31, 2020, adjusting entry(If no entry is required , select No Entryfor the account titles and enter for the amounts. Credit account titles are automatically Indented when amount Is entered.

Culver Company offers a set of building blocks to customers who send in 3 UPC codes from Culver cereal, along with 40 . The block sets cost Culver $1.10 each to purchase and 60 each to mail to customers. During 2020, Culver sold 1,440,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2020, 144,000 UPC codes were redeemed. Prepare Culver's December 31, 2020, 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)