Sunbridge Stores prints a coupon on the bottom of all its May sales receipts for $$3$ off the customer's next purchase of over $$20.$ The coupons may be redeemed in June $1.$ Sunbridge estimates that $20\%$ of the coupons will be redeemed before they expire on August $31.$ During May, Sunbridge sold, for cash, merchandise for $$400,000,$ which generated $60,000$ sales receipts. The cost of the merchandise sold was $$215,000.$ During June, Sunbridge sold $$525,000$ of merchandise for cash that costs $$281,000.$ Additionally, $11,000$ coupons were redeemed. Sunbridge uses a perpetual inventory system.

Required:

Prepare the journal entries related to the coupons for May and June. Be sure to include the expiration of any coupons. For a compound transaction, if an amount box does not require an entry, leave it blank.

May $31$

May $31$

Jun. $30$

Jun. $30$

Jun. $30$