In an attempt to increase sales, Kingbird, Inc. began a special promotion on September 1, 2021.A $0.75 coupon was printed on the label of 600,000 cans of soup. All of these cans were sold that day for $2.25 each to a large chain of grocery stores on account. Kingbird expected that 20% of the coupons would be redeemed. By the end of December 2021, Kingbird had redeemed 48,000 coupons. Kingbird has a December 31 year-end and a periodic inventory system. Prepare the journal entry to record the sales and transactions related to the coupon promotion. Ignore sales taxes. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Sept. 1 eTextbook and Media List of Accounts Debit Credit Prepare a summary transaction dated December 31, 2021, for the coupons redeemed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Dec. 31 Debit Credit