Skysong 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 $2025,$ Skysong Company purchased $8,600$ premiums at $75$ cents each and sold $108,000$ boxes of soap powder at

$$3\mathrm{.}60$ per box; $40,000$ 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$)$