1. On December 20, 2017, The Net Department Store sold a computer for $3,500 with a...

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1. On December 20, 2017, The Net Department Store sold a computer for $3,500 with a one-year warranty that covers parts and labour. Warranty expense was estimated at 2% of sales dollars. On March 2, 2018, the computer was taken in for repairs covered under the warranty that required $30 in parts and $10 of labour. Prepare the March 2 journal entry to record the warranty repairs. 1. On December 20, 2017, The Net Department Store sold a computer for $3,500 with a one-year warranty that covers parts and labour. Warranty expense was estimated at 2% of sales dollars. On March 2, 2018, the computer was taken in for repairs covered under the warranty that required $30 in parts and $10 of labour. Prepare the March 2 journal entry to record the warranty repairs.

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