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./ 1 III View Policies Current Attempt in Progress On December 31, 2020. Carla Vista Company sells production equipment to Tamarisk Inc. for $49.500. Carla
./ 1 III View Policies Current Attempt in Progress On December 31, 2020. Carla Vista Company sells production equipment to Tamarisk Inc. for $49.500. Carla Vista includes a one year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2020. Carla Vista estimates the prices to be $48.200 for the equipment and $1,300 for the cost of warranty Are the sale of the equipment and the warranty separate performance obligations within the contract? eTextbook and Media List of Accounts Prepare a single compound journal entry to record this transaction on December 31, 2020. ignore any related cost of goods sold entry (Credit account titles are automatically indented when the amount is entered. Do not indent manually. I no entry is required select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Prepare a single compound journal entry assuming that, in addition to the assurance warranty, Carla Vista sold an extended warranty (service-type warranty) for an additional two years (2022-2023) for $650 (Hint: Use Unearned Revenue). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts
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