1. How much warranty expense does the company report for this copier in Year 1? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1 ? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2 ? 4. Prepare joumalentries to record (a) the copler's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 ; and (0) the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. Prepare journal entries to record (d) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 ; and (c) the repairs that occur on January 5 of Year 2 . Journal entry worksheet 4 Record the cost of goods sold of $4,800. 1. How much warranty expense does the company report for this copier in Year 1? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1 ? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? 4. Prepare journal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 ; and ( c the repars that occur on January 5 of Year 2. Complete this question by entering your answers in the tabs below. Prepare journal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 : and (c) the repairs that occur on January 5 of Year 2 . Journal entry worksheet Record the estimated warranty expense at 4% of the saies. Notvi tnter debets before uredits. Required information The following information applies to the questions displayed below? Hitzu Compary sold a copier (that costs $4,800 ) for $6,000 cash with a two year parts watranty to a customer on August 16 of Year 1 Hitzu expects warranty costs to be 4% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same doy. The repairs cost $209 for materials taken from the parts inventory. These are the only repals required in Year 2 for this copier 1. How much warranty expense does the company report for this copier in Year 1 ? 2. How much is the estimated warranty liablity for this copler as of December 31 of Year 1 ? 3. How much is the estimated warranty liablity for this copter as of December 31 of Year 2 ? 4. Prepare journal entries to record (o) the copheris sale, (b) the adjustment to recognize the warranty expense on December 31 of Yeart, and (d) the repairs that occur on January 5 of Year 2 Complete this question by entering vour answers in the tabs below. 1. How much warranty expense doen the company report for this copler in yas 1 ? 2. How much is the extimated warranty liability for this coplet as of December 31 of Year in? 3. Hon much is the estimated warranty. labibty for this copier an of December 31 of yeur 22 ? 1. How much warranty expense does the company report for this copier in Year 1? 2. How much is the estimated warranty Hability for this copler as or December 31 of Year 1 ? 3. How much is the estimated warranty ilability for this copier as of December 31 of Year 2 ? 4. Prepare joumal entries to record (d) the copier's sale; (b) the adjustment to secognize the warranty expense on December 31 of Year 1 , and (c) the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. Prepare journal entries to record () the copier's sale: (b) the adjustment to recognize the warranty experise on December 31 of Year 1 : and (c) the repairs that occur on 3anuary 5 of Year 2 . Journal entry worksheet 1 Record the cost of repairs that occur on January 5 of Year 2 . Wutai Enter debits before credits. 1. How much warranty expense does the company report for this copier in Year 1 ? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1 ? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2 ? 4. Prepare journal entries to record ( d ) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 , and ( ( ) the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. Prepare journal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 ; and (c) the repairs that occur on January 5 of Year 2. Journal entry worksheet Record the sale of a copier for $6,000 cash. Hote: Enter debits before credits
