Problem 13-8 To stimulate the sales of its Alladin breakfast cereal, Riverbed Company places 1 coupon in each box. 4 coupons are redeemable for a premium consisting of a children's hand puppet. In 2018, the company purchases 44,400 puppets at $1.70 each and sells 375,200 boxes of Alladin at $3.95 a box. From its experience with other similar premium offers, the company estimates that 50% of the coupons issued will be mailed back for redemption. During 2018, 114,000 coupons are presented for redemption. Prepare the journal entries that should be recorded in 2018 relative to the premium plan. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 1,525.) Account Titles and Explanation Debit Credit Inventory of Premiums Cash (To record the premium inventory.) Cash Sales Revenue (To record the sales.) Premium Expense Inventory of Premiums (To record the expense associated with the sale.) Premium Expense Premium Liability (To record the premium liability.)