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Intermediate Accounting ll I replace the images, could you solve it now ? is it clear? I need someone to answer this question with an
Intermediate Accounting ll
I replace the images, could you solve it now ? is it clear?
I need someone to answer this question with an explanation, I need it after two days, please
please I need also the answer be correct because it's an assignment for 25 marks,
Question 1 Moleski Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2015, Moleski Company purchased 8,800 premiums at .90 each and sold 120,000 boxes of soap powder at 3.30 per box; 44,000 coupons were presented for redemption in 2015 . It is estimated that 60% of the coupons will eventually resented for redemption Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2015. (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.) Account Titles and Explanation Debit Credit (To record purchase of premiums) (To record sales of boxes of soap providers) (To record actual redemption of coupons) SHOW LIST OF ACCOUNTSStep by Step Solution
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