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6. Rouxdy Co. sold 2000 printers for $80 each. The sales tax rate is 8.5%. They estimate that 3.5% will be defective and the cost
6. Rouxdy Co. sold 2000 printers for $80 each. The sales tax rate is 8.5%. They estimate that 3.5% will be defective and the cost to repair them will be $50 each. During the year they honored 10 warranty contracts. a. Journalize the sale b. Estimate and record Warranty Expense c. Record the honoring of the warranty contracts 7. Kameron works for Addidas Company. For the month ended March 31, Kameron earned $7,000. FICA taxes are 7.65%, state income taxes to be withheld totaled $350.00. Federal income taxes withheld totaled $525.00. His health insurance is $20.00, and he contributes 7% of his gross pay into his retirement account. a. Prepare the journal entry to record Kameron's earnings. b. Prepare the journal entry to record Addidas Co.'s payment to Kameron
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