Super Sale Company sold 300 washing machines on April 10t, 2015, for $4,000 a piece, together...
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Super Sale Company sold 300 washing machines on April 10t", 2015, for $4,000 a piece, together with a l-year warranty. Maintenance on each washing machine during the warranty period is estimated to be $170. Áctual warranty costs (inventory) incurred in 2015 were $ 9,000. Required: Prepare entries to record the following: a) Sale of the washing machines. b) Related warranty costs. c) The accrual on December 31, 2015. Super Sale Company sold 300 washing machines on April 10t", 2015, for $4,000 a piece, together with a l-year warranty. Maintenance on each washing machine during the warranty period is estimated to be $170. Áctual warranty costs (inventory) incurred in 2015 were $ 9,000. Required: Prepare entries to record the following: a) Sale of the washing machines. b) Related warranty costs. c) The accrual on December 31, 2015.
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