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13 On September 1, Home Store sells a mower (that costs $220) for $520 cash with a one-year warranty that covers parts. Warranty expense is
13 On September 1, Home Store sells a mower (that costs $220) for $520 cash with a one-year warranty that covers parts. Warranty expense is estimated at 8% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $36 in materials taken from the Repair Parts Inventory. 4 points Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) X 01:52:12 View transaction list Journal entry worksheet 3 4. Record the mower sales. Note: Enter debits before credits. Date General Journal Debit Credit Sep 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 3 Record the cost of mower sales. Note: Enter debits before credits. General Journal Date Debit Credit Sep 01 Record entry Clear entry View general journal Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warr (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 3 Record the estimated warranty expense. Note: Enter debits before credits. Credit Date General Journal Debit Sep 01 Clear entry Record entry View general journal Journal entry worksheet 2 4 Record the cost of warranty repairs. Note: Enter debits before credits. General Journal Credit Date Debit Jan 24 Record entry Clear entry View general journal
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