Question
Ayayai Company sold 180 color laser copiers on July 10, 2020, for $3,810 apiece, together with a 1-year warranty. Maintenance on each copier during the
Ayayai Company sold 180 color laser copiers on July 10, 2020, for $3,810 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $309. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $17,600. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date Jul. 10, 2020During 2020Dec. 31, 2020 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Jul. 10, 2020During 2020Dec. 31, 2020 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Jul. 10, 2020During 2020Dec. 31, 2020 | enter an account title |
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