Question: Assignment 1 Company includes one coupon in each tool it sells. In return for 4 coupons, customers receive a gift that the company purchases for

Assignment 1 Company includes one coupon in each
Assignment 1 Company includes one coupon in each tool it sells. In return for 4 coupons, customers receive a gift that the company purchases for $2 each. The company purchase 5,000 gifts and indicates that 60 percent of the coupons will be redeemed. During 2010, 120,000tools were sold at $6 each, and 40,000 .coupons were redeemed Instructions Prepare all the general journal entries that should be made in 2010. l

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