Question: Required: 1. Does this situation represent a provision? Why or why not? How should Cupola acoount for it? 2. Prepare journal entries that summarize sales

 Required: 1. Does this situation represent a provision? Why or why

Required: 1. Does this situation represent a provision? Why or why not? How should Cupola acoount for it? 2. Prepare journal entries that summarize sales of the awnings (assume all eredit sales) and any aspects of the warranty that thould be recorded during 2022. 3. What amount abould Cupola report as a liability at December 31, 2022

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