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2 3 . Part B i Need it fast plz answer part B i will upvote thank you. Early in 2 0 2 5 ,
Part B i Need it fast plz answer part B i will upvote thank you. Early in Sarasota Equipment sold Rollomatics at $ each. During Sarasota spent $ servicing the year assurance warranties with inventory, Cash, and payables that accompany the Rollomatic. All sales transactions are on a cash basis.
a
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Prepare entries for Sarasota. Assume that Sarasota estimates the total cost of servicing the warranties in the second year will be $ If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented whes amount is entered. Do not indent manually. List all debit entries before credit entries.
b
Prepare entries for Sarasota assuming that the warranties are not an integral part of the sale a servicetype warranty Assume that of the sales total, $ relates to sales of warranty contracts. Warranty costs incurred in were $ Estimate revenues to be recognized on a straightline basis. If no entry is required, select No Enitry" for the account titles and enter O for the amounts. Credit account tities are autornatically indented when amount is entered. Do not indent manualh Record journal entries in the order presented in the problem. List all debit entries before credit entries.
Aocount Titles and Explanation
Debit
Torecard the sale and related warranties
To record payment for warranty costs incurred
To recard revenue recognized on the servicetype warranty
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