Cracker Corporation Began a Special Promotion in July 2013 in an Attempt

question 55

Essay

Cracker Corporation began a special promotion in July 2013 in an attempt to increase sales. A coupon was placed in each box of product. Customers could send in five coupons for a free prize. Each prize cost Cracker Corporation $2.00. Cracker's management estimated that 70% of the coupons would be redeemed. For the six months ended December 31, 2013, the following information is available: Required:
Record all necessary journal entries for the premium offer for 2013.

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Definitions:

Msinfo32

A Windows command used to bring up the System Information window from a command prompt. The System Information window contains details about hardware and hardware configurations as well as software and software drivers.

Dxdiag

A Windows command to access DirectX software that helps resolve DirectX display and sound driver problems.

Defrag

The Windows command line command that starts the defragmentation process of reordering and placing files in contiguous sectors for better performance.

Chown

A Linux command that changes ownership.