Novak Company offers a set of building blocks to customers who send in $3$ UPC codes from Novak cereal, along with $50$ c$.$ The block sets cost Novak $$1\mathrm{.}30$ each to purchase and $70$ c each to mail to customers. During $2025,$ Novak sold $1,524,000$ boxes of cereal. The company expects $30\%$ of the UPC codes to be sent in$.$ During $2025,152,400$ UPC codes were redeemed. Prepare Novak's December $31,2025,$ adjusting entry. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit