Question: please show working notes Vector Enterprises are in the business of selling computers across the country. Facing fierce competition, Vector Enterprises offers a 5-year warranty
Vector Enterprises are in the business of selling computers across the country. Facing fierce competition, Vector Enterprises offers a 5-year warranty on each sale. Total sales for 2022 are $933,040. The company sold 471 computers during the year. Generally, 10% of the actual physical computers sold have some sort of warranty repair, averaging $86.10 per computer. Required: A Calculate the estimated warranty expense for the current year, 2022. Prepare the Journal Entry (7 marks) B In February, Vector Enterprises fixed 8 computers from 2021, with a total parts cost of $1,336. Prepare the required journal entry
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