申論題

一 、Shoyo Corporation Sales the breakfast cereal, and places 1 coupon in each box. Four coupons are redeemable for a premium consisting of a children hand puppet. In 2006, the company purchases 85,000 puppets at $1. 00 each and sel Is 550, 000 boxes of Shoyo at $5 a box. From the past experience，the corporation estimates that 60% of the coupons issued will be mailed back for redemption. During 2006, 200,000 coupons are presented for redemption. Required:

(l)Prepare the journal entries that should be recorded in 2006.relative to the premium plan.