Question: why is this wrong? Your answer is partially correct. Shamrock Company offers a set of building blocks to customers who send in 3 box tops
Your answer is partially correct. Shamrock Company offers a set of building blocks to customers who send in 3 box tops from Shamrock cereal, along with 50t. The block sets cost Shamrock $1.10 each to purchase and 60c each to mail to customers. During 2022, Shamrock sold 1272.000 boxes of cereal. The company expects 30% of the box tops to be sent in During 2022, 127,200 box tops were redeemed. Prepare Shamrocks December 31, 2022. adjusting entry. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Premium Expense 105,600 Premium Liability 105,600 e Textbook and Media List of Accounts Attempts: unlimited Submit Answer Save for Later
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