On December 1 home store sells a mower that cost $ 30 0 for $ 60 0
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Question:
On December home store sells a mower that cost $ for $ cash with a one year warranty that covers parts warranty expenses estimated at 10 of sales on January of the following you're the mower is brought in for a pairs covered under the warranty requiring $15 in materials taken from the parts inventory prepare the December entry to record the mower sale and cost of sale the December adjusting entry for estimated warranty liability and the January entry to record the warranty repairs.
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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