Husserl Company included a coupon in each box of its cereal. For every 10 coupons returned by a customer, Husserl offered a silver spoon. Each spoon costs Husserl 75 cents. Husserl purchased 50,000 spoons as premium inventory. During the first year (2021) of the offer, Husserl sold 500,000 boxes of cereal at $5 each. The company estimated that 80% of the coupons would be redeemed. Husserl distributed 28,000 spoons during 2021. 

A) Prepare journal entries for 2021 

B) Compute the estimated liability Husserl should show on its year-end balance for unredeemed coupons