Accounting Question

Ecco Company sold $140,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 8% of the sales price. On October 15, a customer required a $180 part replacement, plus $80 labor under the warranty. Required: Provide the journal entry for (a) the estimated expense on September 30 and (b) the October 15 warranty work. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS Ecco Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 Interest Revenue 112 Interest Receivable 113 Notes Receivable EXPENSES 115 Inventory 510 Cost of Goods Sold 116 Supplies 520 Salaries Expense 118 Prepaid Insurance 525 Delivery Expense118 Prepaid Insurance 525 Delivery Expense 120 Land 526 Repairs Expense 123 Building 531 Rent Expense 124 Accumulated Depreciation-Building 533 Insurance Expense 125 Office Equipment 534 Supplies Expense 126 Accumulated Depreciation-Office Equipment 535 Cash Short and Over 536 Product Warranty Expense LIABILITIES 541 Vacation Pay Expense 210 Accounts Payable 542 Pension Expense 213 Interest Payable 543 Payroll Tax Expense 214 Notes Payable 544 Federal Income Tax Expense 221 Wages Payable 545 State Income Tax Expense 222 Social Security Tax Payable 561 Depreciation Expense-Building 223 Medicare Tax Payable 562 Depreciation Expense-Office Equipment 224 Federal Withholding Tax Payable 570 Damage Awards and Fines 225 State Withholding Tax Payable 590 Miscellaneous Expense 226 Federal Unemployment Tax Payable 710 Interest Expense 227 State Unemployment Tax Payable 228 State Disability Insurance 231 Medical Insurance Payable 232 Retirement Savings Deductions Payable 233 Union Dues PayableEQUITY 310 Common Stock 311 Retained Earnings 312 Dividends General Journal a. Provide the journal entry for the estimated expense on September 30. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 b. Provide the journal entry for the October 15 warranty work. Refer to the Chart of Accounts for exact wording of account titles.PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 b. Provide the journal entry for the October 15 warranty work. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3