On December 31, 20x1, Dieker Company sells equipment to Tabor Inc. for $125,000. Dieker includes a...

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On December 31, 20x1, Dieker Company sells equipment to Tabor Inc. for $125,000. Dieker includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 20x1. Dieker estimates the prices to be $122,000 for the equipment and $3,000 for the cost of the warranty. Prepare the journal entry to record this transaction on December 31, 20x1 On December 31, 20x1, Dieker Company sells equipment to Tabor Inc. for $125,000. Dieker includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 20x1. Dieker estimates the prices to be $122,000 for the equipment and $3,000 for the cost of the warranty. Prepare the journal entry to record this transaction on December 31, 20x1

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The journal entry to record the transaction on December 31 ... View the full answer