Question: Problem 1 0 - 8 A Note payable, warranty expense, and liability LO 3 , 4 Western Refrigeration borrowed $ 2 3 0 , 0
Problem A Note payable, warranty expense, and liability LO
Western Refrigeration borrowed $ to purchase inventory on September for days at interest by signing a note.
On December Western Refrigeration sold an industrial fridge for cash of $cost $ with a twoyear parts and labour warranty. Based on prior experience, Western expects eventually to incur warranty costs equal to of the selling price. The fiscal year coincides with the calendar year. On January the customer required a service call for the fridge for repairs that were completed the same day. The cost of the repairs consisted of $ for the materials taken from the parts inventory and $ of labour. These were the only repairs required in for this fridge.
Required:
On what date will the note mature?
Maturity Date
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