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Please Help Fast as Possible Question six: (15marks) Coke -coal Company offers a C.D as a premium for every 5one liter bottle presented by customers
Please Help Fast as Possible
Question six: (15marks) Coke -coal Company offers a C.D as a premium for every 5one liter bottle presented by customers together with NIS3. The purchase price of each C.D to the company is NIS3.80; in addition, it costs NIS 1.20 to mail each C.D. The results of the premium plan for the years 2018and 2019are as follows (assume all purchases and sales are for cash): 2018 2019 C.D purchased 200,000 500,000 Bottles sold 2,800,000 3,600,000 Bottles redeemed 800,000 1,800,000 2018Bottles expected to redeemed in 2019 600,000 2019Bottles expected to redeemed in 2020 900,000 Required: prepare all journal entries during 2017, 2018 and 2019Step by Step Solution
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