Monty Corp. offers a set of building blocks to customers who send in three codes from Monty cereal, along with $$1\mathrm{.}00.$ Monty purchased $99,000$ building block sets in $2023$ for $$2\mathrm{.}40$ each, and paid for them by cash. During $2023,$ Monty sold $0\mathrm{.}99$ million boxes of cereal for $$4$ per box. Monty estimates that $10\%$ of the sales amount received from customers relates to the building block sets to be awarded. Monty expects $30\%$ of the codes to be sent in$,$ and in $2023,237,600$ codes were redeemed.

$($a$)$

Prepare all necessary journal entries for $2023$ if Monty follows IFRS and prefers to use the revenue approach. $($Round answers to $0$ decimal places, eg$.5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit