Question 6 of 11 - / 10 List of Accounts Prepare the journal entry to record the redemption by 5,600 customers. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit List of Accounts Prepare the journal entry to record the year-end accrual entry for estimated premium expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit CreditQuestion 6 of 11 - / 10 3 View Policies Current Attempt in Progress Headland Corporation sold Sugar Frosted Cocoa Bombs, a children's breakfast cereal. As a promotion, Headland offered its customers a free music CD in exchange for 4 boxtops, plus $ 3.10 to cover postage and handling. The CD cost Headland $ 3.35, and postage costs to mail the CDs out to customers were $ 2.50. Headland estimated that 70% of its customers would redeem boxtops. Headland purchased 10,600 CDs at the start of the promotion in November, 2020. 156,000 boxes of cereal were sold during November and December, 2020, and Headland's year-end was December 31. Prior to the end of the fiscal year, 5,600 customers took advantage of the offer, which continued until February, 2021. Headland follows ASPE and uses the expense approach to account for its premiums. Prepare the journal entry to record the purchase of the promotional CDs. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit List of Accounts Prepare the journal entry to record the redemption by 5,600 customers. (Credit account titles are automatically indented when theQuestion 6 of 11