Herzog Zwei Corporation sells VCRs. The corporation also offers its customers a 2-year warranty contract. During 2004,

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Herzog Zwei Corporation sells VCRs. The corporation also offers its customers a 2-year warranty contract. During 2004, Herzog Zwei sold 15,000 warranty contracts at $99 each. The corporation spent $180,000 servicing warranties during 2004, and it estimates that an additional $900,000 will be spent in the future to service the warranties. Prepare Herzog Zwei’s journal entries for

(a) the sale of contracts,

(b) the cost of servicing the warranties, and

(c) the recognition of warranty revenue.

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Somshukla Chakraborty

I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).

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