Moleski Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons

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Moleski Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2015, Moleski Company purchased 8,800 premiums at €.90 each and sold 120,000 boxes of soap powder at €3.30 per box; 44,000 coupons were presented for redemption in 2015. It is estimated that 60% of the coupons will eventually be presented for redemption.

Instructions Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2015.

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