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Crazy Eddie sells QLED TVs that include a 90-day warranty and offers an optional extended 3-year warranty under which it will repair or replace any
Crazy Eddie sells QLED TVs that include a 90-day warranty and offers an optional extended 3-year warranty under which it will repair or replace any defective part for an additional 5-year period. The stand alone price of the TV and warranty are $800 and $200 respectively. During its special black Tuesday sale customers can pay a $900 package price for the TV and extended warranty. The QLED TVs cost Crazy Eddie $600. Prepare the journal entry required to record the package sale of a TV and extended Warranty
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