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All the Good car dealer sells used cars with warranty. During fanuary its total car sales were $1,250,000 The warranty ales amounted to 15% of
All the Good car dealer sells used cars with warranty. During fanuary its total car sales were $1,250,000 The warranty ales amounted to 15% of car sales. From the past history it was known that only 2015 of the amount provided was spent for reaair In the aiven only two cars camefor a repair, on 16 th and on 22ns. Total repair cost was $2,450 and 51,950 consecutively. ord the relevant journal entries and find out the dosing balance on the Provision for warranty expenses account
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