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INTERMEDIATE ACCOUNTING (ACC 301 /302) US Kieso, Intermediate Accounting, 16e Problem 13-9 Fint Company offers an MP3 download (seven-single medley) as a premium for every

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INTERMEDIATE ACCOUNTING (ACC 301 /302) US Kieso, Intermediate Accounting, 16e Problem 13-9 Fint Company offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $2.60. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $2.35. In addition, it costs s0 cents to distribute each code. The results of the premium plan for the years 2017 and 2018 are as follons. (All purchases and sales are for cash.) 2017 2018 270,000 356,400 2,993,500 2,832,900 1,296,000 1,620,000 Wrappers redeemed 2017 wrappers expected to be redeemed in 2018 2018 wrappers expected to be redeemed in 2019 313,200 378,000 2017 and tae denilplcesor the autCit account titles are automatically indented when amount is entered. Do not Credit 2017 634500 6345 INTERMEDIATE ACCOUNTING (ACC 301 /302) US Kieso, Intermediate Accounting, 16e Problem 13-9 Fint Company offers an MP3 download (seven-single medley) as a premium for every 6 candy bar wrappers presented by customers together with $2.60. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each download code to the company is $2.35. In addition, it costs s0 cents to distribute each code. The results of the premium plan for the years 2017 and 2018 are as follons. (All purchases and sales are for cash.) 2017 2018 270,000 356,400 2,993,500 2,832,900 1,296,000 1,620,000 Wrappers redeemed 2017 wrappers expected to be redeemed in 2018 2018 wrappers expected to be redeemed in 2019 313,200 378,000 2017 and tae denilplcesor the autCit account titles are automatically indented when amount is entered. Do not Credit 2017 634500 6345

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