Question: how do i do this please? [The following information applies to the questions displayed below.) On October 29, Lobo Company began operations by purchasing razors

how do i do this please? how do i do this please? [The following information applies to the
questions displayed below.) On October 29, Lobo Company began operations by purchasing
razors for resale. The rators have a 90-day warranty When a razor
is returned, the company discards it and mails a new one from
Merchandise Inventory to the customer. The company's cost per new razor is
$13 and its retail selling price is $90. The company expects warranty
costs to equal 8% of dollar sales. The following transactions occurred. November
11 Sold 50 razors for $4,500 cash. November 30 Recognized warranty expense
related to November sales with an addusting entry. December 9 Replaced 10
razors that were returned under the warranty. December 16 Sold 150 razors
for $13,500 cash. December 29 Replaced 20 razors that were returned under
the warranty. December 31 Recognized warranty expense related to December sales with

[The following information applies to the questions displayed below.) On October 29, Lobo Company began operations by purchasing razors for resale. The rators have a 90-day warranty When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $13 and its retail selling price is $90. The company expects warranty costs to equal 8% of dollar sales. The following transactions occurred. November 11 Sold 50 razors for $4,500 cash. November 30 Recognized warranty expense related to November sales with an addusting entry. December 9 Replaced 10 razors that were returned under the warranty. December 16 Sold 150 razors for $13,500 cash. December 29 Replaced 20 razors that were returned under the warranty. December 31 Recognized warranty expense related to December sales with an adjusting entry. January 5 Sold 100 razors for $9,000 cash. January 17 Replaced 25 razors that were returned under the warranty. January 31 Recognized warranty expense related to January sales with an adjusting entry. Problem 9-4A (Algo) Part 1 Required: ctmonts transaction list Journal entry worksheet 11 of 4 7 8 9 Required: 1. Prepare journal entries to record above transactions and adjustments 8 points View transaction list Book References Journal entry worksheet 2 3 4 5 6 7 8 12 > Record the replacement of 10 razors that were returned under the warranty Note: Enter debits before credits Data December 09 General Journal De Credit Recordato ch Vio Book rences Journal entry worksheet 2. 3 4 6 7 12 Record the sales revenue of 150 razors for $13,500 cash Note: Enter debits before credits General Journal Debit Credit Date December 16 Will Cle Record enter co 7 8 9 11 of 14 Next > Note: Enter debits before credits Data December 31 General Journal Debit Credit Recordantex Clearance Vous Required: 1. Prepare journal entries to record above transactions and adjustments 8 points View transaction list eBook References Journal entry worksheet . 4 5 6 7 8 9 12 Record the sales revenue of 100 razors for $9,000 cash. Note: Enter debits before credits General Journal Dobit Date January 05 Credit inal entries to record above transactions and adjustments cints View transaction list eBook oferences Journal entry worksheet 5 6 7 8 9 Record the cost of goods sold for 100 razors. 10 12 Note: Enter debits before credits Date January 05 General Journal Debit Credit urnal entries to record above transactions and adjustments ook View transaction list References Journal entry worksheet 5 Record the replacement of 25 razors that were returned under the warranty 7 B 9 10 11 12 Note: Enter debits before credits Date January 17 General Journal Debit Crent Recordeste CI ction list Book rences Journal entry worksheet 5 6 7 8 9 10 Record the adjusting entry for warranty expense for the month of January 11 12 Note: Enter debits before credits Date January 31 General Journal Debit Credit

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