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Question 5 of 6 < > View Policies -/3 1 Current Attempt in Progress Grouper Company includes one coupon in each box of soap

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Question 5 of 6 < > View Policies -/3 1 Current Attempt in Progress Grouper Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2025, Grouper Company purchased 9,300 premiums at 85 cents each and sold 110,000 boxes of soap powder at $3.60 per box: 45,800 coupons were presented for redemption in 2025. It is estimated that 60% of the coupons will eventually be presented for redemption. Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2025. (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. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit (To record purchase of premiums) (To record the sales) (To record premiums redeemed) (To record a liability for premiums) eTextbook and Media

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