Accrued Product Warranty Logan Manufacturing Co warrants its products for one year The estimated product warranty is 5 of sales Assume that sales were $285,000 for January In February, a customer received warranty repairs requiring $195 of parts and $100 of labor Question Content Area a Journalize the adjusting entry required at January 31, the end of the first month of the current fiscal year, to record the accrued product warranty If an amount box does not require an entry, leave it blank blank CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable Select Select CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable Select Select Question Content Area b Journalize the entry to record the warranty work provided in February If an amount box does not require an entry, leave it blank blank CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable Select Select Accounts PayableAccounts ReceivableProduct Warranty ExpenseProduct Warranty PayableSupplies Select Select Accounts ReceivableCashProduct Warranty ExpenseProduct Warranty PayableWages Payable Select Select

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Accrued Product Warranty Logan Manufacturing Co. warrants its products for one year. The estimated product warranty is 5% of sales. Assume that sales were $285,000

Accrued Product Warranty

Logan Manufacturing Co. warrants its products for one year. The estimated product warranty is 5% of sales. Assume that sales were $285,000 for January. In February, a customer received warranty repairs requiring $195 of parts and $100 of labor.

Question Content Area

a. Journalize the adjusting entry required at January 31, the end of the first month of the current fiscal year, to record the accrued product warranty. If an amount box does not require an entry, leave it blank.

blank	CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable	- Select -	- Select -
	CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable	- Select -	- Select -

Question Content Area

b. Journalize the entry to record the warranty work provided in February. If an amount box does not require an entry, leave it blank.

blank	CashProduct Warranty ExpenseProduct Warranty PayableSuppliesWages Payable	- Select -	- Select -
	Accounts PayableAccounts ReceivableProduct Warranty ExpenseProduct Warranty PayableSupplies	- Select -	- Select -
	Accounts ReceivableCashProduct Warranty ExpenseProduct Warranty PayableWages Payable	- Select -	- Select -