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Novak Corp. offers a set of building blocks to customers who send in three codes from Novak cereal, along with $ 1 . 0 0
Novak Corp. offers a set of building blocks to customers who send in three codes from Novak cereal, along with $ Novak purchased building block sets in for $ each, and paid for them by cash. During Novak sold million boxes of cereal for $ per box. Novak estimates that of the sales amount received from customers relates to the building block sets to be awarded. Novak expects of the codes to be sent in and in codes were redeemed.To record cash purchase of premiums
Sales Revenue
To record cash sales
L
To record redemption of codes
To adjust unearned revenue
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