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The following transactions occurred to General Electric Company during 2020 1a. General Electric sold for cash 6 airplane engines for 2.000.000 KD each General Ele cost of servicing the warranties will be 500.000 for 5 years 1b. During 2020 General Electric spent 80.000 KD servicing the 5-year as pe the engines. The warranty amount was spent on wages (30.000 KD) invento000 (30.000 KD) 2-Prepare journal entries for purchase of factory and environmental laby and it seem 2a. General Electric purchases for cash a factory on January 1 2020 at a coo expects to operate the factory for 15 years 2b. General Electric is legally required to dismantle and remove the facting for animated cost of (Fair value today is 2750.000 KD) 2c After 15 years General Electric pays 4000000 KD to dismantle the The following transactions occurred to General Electric Company during 2 1a. General Electric sold for cash 6 airplane engines for 2,000,000 Deack Genel Benic cost of servicing the warranties will be 500,000 for 5 years 2--202-ALL 1b. During 2020, General Electric spent 80,000 KD servicing the 5-year asurance type the engines. The warranty amount was spent on wages (30,000 KD), inventory (30,000 KD). 2-Prepare journal entries for purchase of factory and environmental ability and its vetement 2a. General Electric purchases for cash a factory on January 1, 2020 ata of 1000 expects to operate the factory for 15 years 1a de t and 2b. General Electric is legally required to dismantle and remove the factory for an estimated c (Fair value today is 2,750,000 KD). 2c. After 15 years, General Electric pays 4,000,000 KD to dismantle the factory Accounts Debit The following transactions occurred to General Electric Company during 2020: 1a. General Electric sold for cash 6 airplane engines for 2,000,000 KD each. General Electric estimates the total cost of servicing the warranties will be 500,000 for 5 years. 1b. During 2020, General Electric spent 80,000 KD servicing the 5-year assurance-type warranties that accompany the engines. The warranty amount was spent on wages (30,000 KD), inventory (20,000 KD) and cash refunds (30,000 KD). 2-Prepare journal entries for purchase of factory and environmental liability and its settlement. 2a. General Electric purchases for cash a factory on January 1, 2020, at a cost of 10,000,000 KD. General Electric expects to operate the factory for 15 years. 1a 2b. General Electric is legally required to dismantle and remove the factory for an estimated cost of 4,000,000 KD (Fair value today is 2,750,000 KD). 2c. After 15 years, General Electric pays 4,000,000 KD to dismantle the factory. Accounts Debit Cash Sales revenue Cash Sales revenue 4 47 4 2000000 500000 Credit 2000000 Question 9 Not yet answ 500000 Marked out 15.00 P Flag qu Cash 1a Sales revenue Cash Sales revenue 1b Accounts 2a 2b : + Warranty revenue ÷ ÷ Unearned warranty revenue # 2000000 + Debit 500000 Ah ÷ : 10000000 Credit 2000000 500000 10000000 Sales revenue 1b 2a 2b Unearned warranty revenue # Warranty revenue 2c : "P ; all parts of the question 10000000 500000 10000000 The following transactions occurred to General Electric Company during 2020 1a. General Electric sold for cash 6 airplane engines for 2.000.000 KD each General Ele cost of servicing the warranties will be 500.000 for 5 years 1b. During 2020 General Electric spent 80.000 KD servicing the 5-year as pe the engines. The warranty amount was spent on wages (30.000 KD) invento000 (30.000 KD) 2-Prepare journal entries for purchase of factory and environmental laby and it seem 2a. General Electric purchases for cash a factory on January 1 2020 at a coo expects to operate the factory for 15 years 2b. General Electric is legally required to dismantle and remove the facting for animated cost of (Fair value today is 2750.000 KD) 2c After 15 years General Electric pays 4000000 KD to dismantle the The following transactions occurred to General Electric Company during 2 1a. General Electric sold for cash 6 airplane engines for 2,000,000 Deack Genel Benic cost of servicing the warranties will be 500,000 for 5 years 2--202-ALL 1b. During 2020, General Electric spent 80,000 KD servicing the 5-year asurance type the engines. The warranty amount was spent on wages (30,000 KD), inventory (30,000 KD). 2-Prepare journal entries for purchase of factory and environmental ability and its vetement 2a. General Electric purchases for cash a factory on January 1, 2020 ata of 1000 expects to operate the factory for 15 years 1a de t and 2b. General Electric is legally required to dismantle and remove the factory for an estimated c (Fair value today is 2,750,000 KD). 2c. After 15 years, General Electric pays 4,000,000 KD to dismantle the factory Accounts Debit The following transactions occurred to General Electric Company during 2020: 1a. General Electric sold for cash 6 airplane engines for 2,000,000 KD each. General Electric estimates the total cost of servicing the warranties will be 500,000 for 5 years. 1b. During 2020, General Electric spent 80,000 KD servicing the 5-year assurance-type warranties that accompany the engines. The warranty amount was spent on wages (30,000 KD), inventory (20,000 KD) and cash refunds (30,000 KD). 2-Prepare journal entries for purchase of factory and environmental liability and its settlement. 2a. General Electric purchases for cash a factory on January 1, 2020, at a cost of 10,000,000 KD. General Electric expects to operate the factory for 15 years. 1a 2b. General Electric is legally required to dismantle and remove the factory for an estimated cost of 4,000,000 KD (Fair value today is 2,750,000 KD). 2c. After 15 years, General Electric pays 4,000,000 KD to dismantle the factory. Accounts Debit Cash Sales revenue Cash Sales revenue 4 47 4 2000000 500000 Credit 2000000 Question 9 Not yet answ 500000 Marked out 15.00 P Flag qu Cash 1a Sales revenue Cash Sales revenue 1b Accounts 2a 2b : + Warranty revenue ÷ ÷ Unearned warranty revenue # 2000000 + Debit 500000 Ah ÷ : 10000000 Credit 2000000 500000 10000000 Sales revenue 1b 2a 2b Unearned warranty revenue # Warranty revenue 2c : "P ; all parts of the question 10000000 500000 10000000

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