Soundgarden Ltd. sold 200 color laser copiers on July 10, 2022, for £4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be £330.

Instructions

Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2022. Actual warranty expenditures (inventory) in 2022 were £17,000.