Question: Current Attempt in Progress Blue Spruce Corp. offers a set of building blocks to customers who send in three codes from Blue Spruce cereal, along
Current Attempt in Progress
Blue Spruce Corp. offers a set of building blocks to customers who send in three codes from Blue Spruce cereal, along with $ Blue Spruce purchased building block sets in for $ each, and paid for them by cash. During Blue Spruce sold million boxes of cereal for $ per box. Blue Spruce estimates that of the sales amount received from customers relates to the building block sets to be awarded. Blue Spruce expects of the codes to be sent in and in codes were redeemed.
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Prepare all necessary journal entries for if Blue Spruce follows ASPE and prefers to use the expense approach. Round
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