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Coronado Company offers a set of building blocks to customers who send in 3 UPC...

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Accounting

Coronado Company offers a set of building blocks to customers who send in 3 UPC codes from Coronado cereal, along with 60. The
block sets cost Coronado $1.20 each to purchase and 70 each to mail to customers. During 2025, Coronado sold 840,000 boxes of
cereal. The company expects 30% of the UPC codes to be sent in. During 2025,84,000 UPC codes were redeemed. Prepare
Coronado's December 31,2025, adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Credit
image

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