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What's the answer to this question? Swifty Company includes one coupon in each box of...

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Accounting

What's the answer to this question? Swifty 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, Swifty Company purchased 9,000 premiums at 70 cents each and sold 110,000 boxes of soap powder at
$3.20 per box; 42,000 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 0 for the amounts. Credit account titles are automatically indented when amount is entered.
Do not indent manually. List all debit entries before credit entries.)
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