Problem 13- (Part Level Submission) Fant Company offers an MP3 download seversingle medley) as a premium for every candy bar represented by customers together with 3.13. The candy bars are sold by the company to distributors for 30 cents. The purchase price of each download code to the company is $2.90. In addition, it costs 50 cents to distribute each code! Therese plan for dyrs 2017 2018 are as follow. (Al purchases and sales are for cash) 2017 2018 MP codes purchased 325.000 429.000 Candy bars sold 3.669,100 2.594,700 Wrappers redeemed 1.560.000 1.250.000 2017 wrappers expected to be redeemed in 2018 377.000 2010 wrappers expected to be redeemed in 2019 (a) Prepare the journal entries that should be made in 2017 and 2018 to record the transactions related to the premium plan of the Fint Company (I no entry is required seleco Entry for the counters and enter for the amounts. Dredir account titles are utomatically indented when we wered. De not inden maally. Rond was to declensal places, ag. L. S. A Tales and planai De Crede 2012 (To record the premium Inventory) (Te record (cathed with the To thereby 10:14 AM 0 00 ENG (To record the premium liability.) 2018 (To record the premium inventory.) (To record the sales.) (To record the expense associated with the sale.) (To record the premium liability.) Show Work is REQUIRED for this questions Open Show Work Problem 13- (Part Level Submission) Fant Company offers an MP3 download seversingle medley) as a premium for every candy bar represented by customers together with 3.13. The candy bars are sold by the company to distributors for 30 cents. The purchase price of each download code to the company is $2.90. In addition, it costs 50 cents to distribute each code! Therese plan for dyrs 2017 2018 are as follow. (Al purchases and sales are for cash) 2017 2018 MP codes purchased 325.000 429.000 Candy bars sold 3.669,100 2.594,700 Wrappers redeemed 1.560.000 1.250.000 2017 wrappers expected to be redeemed in 2018 377.000 2010 wrappers expected to be redeemed in 2019 (a) Prepare the journal entries that should be made in 2017 and 2018 to record the transactions related to the premium plan of the Fint Company (I no entry is required seleco Entry for the counters and enter for the amounts. Dredir account titles are utomatically indented when we wered. De not inden maally. Rond was to declensal places, ag. L. S. A Tales and planai De Crede 2012 (To record the premium Inventory) (Te record (cathed with the To thereby 10:14 AM 0 00 ENG (To record the premium liability.) 2018 (To record the premium inventory.) (To record the sales.) (To record the expense associated with the sale.) (To record the premium liability.) Show Work is REQUIRED for this questions Open Show Work
