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View Policies Current Attempt in Progress Monty Company offers a set of building blocks to customers who send in 3 UPC codes from Monty cereal, along with 40. The block sets cost Monty $1.00 each to purchase and 70 each to mail to customers. During 2020, Monty sold 888,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 2020.88,800 UPC codes were redeemed. Prepare Monty's December 31, 2020, adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit