answer 4 in 10minutes
Question 4 (10 points] Callaho Inc extends a Motome warranty on all hockey sticks sold Using past experience, the company estimates that of hockey stick old will be returned an average cost of $0 per hockey stick On January 1, 2014, the balance in Calahon Estimated Way Libysccount was 58.750During 2014 Wed $400,000 of 12,000 hockey stick The actual number of hockey sticks turned and replaced was 562 (1) Prepare the following journal entries Estimated warranty abilities for uns sok during 2014 Ure the date December 31 Replacement of the unes rotated in 2014 the date December 31) Enter an appropriate description and enter the dates in the format dimem (15) Genom Page on Dan Calculate the balance in the Estimated Warranty Libility account at December 31, 2014, and the Warranty Expense that will appear on the recome statement tere you ended December 31, 2014 Balance of Estimated Warranty Liability at Dec 317 Warranty Expense as it appears on the income Statement? Question 4 (10 points] Callaho Inc extends a Motome warranty on all hockey sticks sold Using past experience, the company estimates that of hockey stick old will be returned an average cost of $0 per hockey stick On January 1, 2014, the balance in Calahon Estimated Way Libysccount was 58.750During 2014 Wed $400,000 of 12,000 hockey stick The actual number of hockey sticks turned and replaced was 562 (1) Prepare the following journal entries Estimated warranty abilities for uns sok during 2014 Ure the date December 31 Replacement of the unes rotated in 2014 the date December 31) Enter an appropriate description and enter the dates in the format dimem (15) Genom Page on Dan Calculate the balance in the Estimated Warranty Libility account at December 31, 2014, and the Warranty Expense that will appear on the recome statement tere you ended December 31, 2014 Balance of Estimated Warranty Liability at Dec 317 Warranty Expense as it appears on the income Statement