1b) Best Electronics sold water dispensers at a price of Ush 200,000 per dispenser. It estimates...

 

Transcribed Image Text:

1b) Best Electronics sold water dispensers at a price of Ush 200,000 per dispenser. It estimates that Ush 30,000 per dispenser will be the warranty for the two years. The follow shows the units sold and the warranty amount spend. warranty costs/paid 1st year 2nd year 1st year 2nd year 1st year 40 2018 Show the journal entries of warranties only for the year 2016, 2017, and 2018. (15 marks) Remember (All journal entries should have a narration and they should be numbered 3 bonus marks are available for well narrated journals). Year 2016 2017 units sold 30 400,000 400,000 550,000 450,000 800,000 110 5.1 1b) Best Electronics sold water dispensers at a price of Ush 200,000 per dispenser. It estimates that Ush 30,000 per dispenser will be the warranty for the two years. The follow shows the units sold and the warranty amount spend. warranty costs/paid 1st year 2nd year 1st year 2nd year 1st year 40 2018 Show the journal entries of warranties only for the year 2016, 2017, and 2018. (15 marks) Remember (All journal entries should have a narration and they should be numbered 3 bonus marks are available for well narrated journals). Year 2016 2017 units sold 30 400,000 400,000 550,000 450,000 800,000 110 5.1