on january 1, 2015, mipiache cafe sold 30,000 espresso machines at $50 each, which included a 1

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on january 1, 2015, mipiache cafe sold 30,000 espresso machines at $50 each, which included a 1 year warranty on parts and service if defective. They estimated 6% of the machines would be returned for repair, incurring a repair cost of $35 per machine. during 2015, the company spent $45,000 on repairs. The cafe uses the sales warranty accrual method to account for its warranty obligations. What is the recorded unearned warranty revenue on January 1, 2015

Posted Date: May 18, 2024 01:14 PM

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on january 1, 2015, mipiache cafe sold 30,000 espresso machines at $50 each, which included a 1

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