Wynn Company offers a set of building

Sep 11th, 2015
DotaCN
Category:
Accounting
Price: $5 USD

Question description

Wynn Company offers a set of building blocks to customers who send in 3 UPC codes from Wynn cereal, along with 50 cents.  The blocks sets cost Wynn $1.10 each to purchase and 60 cents each to mail to customers.  During, 20XX, Wynn sold 1,200,000 boxes of cereal.  The company expects 30% of the UPC codes to be sent in.  During 20XX, 120,000 UPC codes were redeemed.  Prepare Wynn’s Dec 31, 20XX, adjusting entry. 

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(Top Tutor) Daniel C.
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