Wynn Corp. offers a set of building blocks to customers who send in three codes from Wynn cereal, along with $$1\mathrm{.}00.$ Wynn purchased $100,000$ building block sets in $2023$ for $$2\mathrm{.}5$ each, and paid for them by cash. During $2023,$ Wynn sold $1$ million boxes of cereal for $$4$ per box. Wynn estimates that $10\%$ of the sales amount received from customers relates to the building block sets to be awarded. Wynn expects $30\%$ of the codes to be sent in$,$ and in $2023,240,000$ codes were redeemed.

$($a$)$

Prepare all necessary journal entries for $2023$ if Wynn follows IFRS and prefers to use the revenue approach. $($Round answers to $0$ decimal places, e$8.5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To record cash purchase of premiums$)$

$($To record cash sales$)$

$$

$$

$$

$($To record redemption of codes$)$

$$

$$

$($To adjust unearned revenue$)$