Soundgarden Ltd. sold 200 color laser copiers on July 10, 2019, for 4,000 apiece, together with a
Question:
Instructions
Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2019. Actual warranty costs (inventory) incurred in 2019 were £17,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
July 10 2019 Cash 200 X 4000 800000 Sales ...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Managerial Accounting questions
-
Soundgarden Ltd. sold 200 color laser copiers on July 10, 2020, for 4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be 330....
-
Soundgarden Company sold 200 color laser copiers on July 10, 2020, for $4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $330....
-
Soundgarden Company sold 200 color laser copiers in 2014 for $4,000 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $330. Instructions (a)...
-
Use the test of your choice to determine whether the following series converge. 1 1! + 4 2! + 9 16 + 3! 4!
-
The drum lifter shown is used to lift a steel drum. Knowing that the mass of the drum and its contents is 240 kg, determine the forces exerted at F and H on member DFH. -315 m -315 mm- 245 na 77 mm-...
-
Create two operational definitions for each of the following psychological constructs. 1. Frustration 2. Cognitive dissonance 3. Anxiety 4. Sense of direction 5. Memory 6. Selfesteem
-
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility)....
-
Cost drivers and functions. The list of representative cost drivers in the right column of this table are randomized with respect to the list of functions in the left column. That is, they do not...
-
The atomic number of element M, N, R, and T are 1, 8, 12 and 14 respectively. The element which can form ions by either losing or gaining electron(s) is M 11. A. B. N C R D. T 12. The atomic number...
-
Record all transactions in appropriate T-accounts (costs by function, LIFO perpetual), close all accounts, and calculate the ending balances. Opening balances: Material A: 100 units x 2,5 / unit =...
-
Allison Hardware Company's payroll for November 2019 is as follows: factory, 140,000; sales, 32,000; and administrative, 36,000. The Social Security rate is 8% on an employee's wages. Income tax...
-
Early in 2019, Sheryl Crow Equipment sold 500 Rollomatics during 2019 at 6,000 each. During 2019, Crow spent 20,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All...
-
Use the techniques of this chapter to find the vertex and intervals where is increasing and decreasing, given (x) = ax 2 + bx + c, where we assume a > 0.
-
In your Point, Good Leadership is About Communicating "Why," the author claims that communication presentations require careful planning. She states, "If we present without addressing our audience's...
-
According to Leah Selim, What is gastro-diplomacy? How is it a useful tool for understanding other cultures? What is meant by "Food Rules?" How do they effect college students?
-
(1) Design hedging strategies for the firm. You need to explain why your chosen hedging strategies are better than the other strategies - Design a hedging strategy - Explain why (2) You also need...
-
F22 IN1104-G9 sem 1 Sam H. X F22 IN1044-G9 sem 1 Sam H. X Meet - F22 IN1044-G9 F22 IN-1044-G9 - Midterm x C...
-
Use the UML below to create the following classes and interfaces: class Person class InvalidDriverException extends Exception class Vehicle interface Announcements class Car extends Vehicle...
-
In still air, a parachute with a payload falls vertically at a terminal speed of 4 m/s. Find the direction and magnitude of its terminal velocity relative to the ground if it falls in a steady wind...
-
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
-
MFI Holdings Inc. follows IFRS and applies the FV-OCI model without recycling. MFIs balance sheet contained the following comparative data at December 31: At December 31, 2011, the following...
-
Neilson Corp. reported $145,000 of net income for 2011. In preparing the statement of cash flows, the accountant noted several items that might affect cash flows from operating activities. 1. During...
-
Comparative balance sheet accounts of Laflamme Inc., which follows ASPE, and its statement of income for the year ending December 31, 2012, follow: The following is additional information about...
-
A company sells one model of a synthetic leather basketball. The basketballs sell for $20 each, and the variable expenses for each basketball are $14. The company has $1,200 of fixed expenses. How...
-
Below is the sales budget for Alejandro Company. The product sells for $60 in September and October and then the retail price is increased to $65 in November - February. Month Budgeted Sales in Units...
-
What is a good response to the following post made by a classmate? Interest Expense=$8,0000.09(360/36) = $72 Interest Payable (Hyatt Company) $72 (Credit) Interest Expense $72 (debit) Interest...
Study smarter with the SolutionInn App