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 $1.00. Blue Spruce purchased 100,000 building block sets in 2023 for $3.00 each, and paid for them by cash. During 2023, Blue Spruce sold 1.00 million boxes of cereal for $4 per box. Blue Spruce estimates that 10% of the sales amount received from customers relates to the building block sets to be awarded. Blue Spruce expects 30% of the codes to be sent in, and in 2023,240,000 codes were redeemed.
(a)
Correct Answer (Used)
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Prepare all necessary journal entries for 2023 if Blue Spruce follows ASPE and prefers to use the expense approach. (Round

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