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Current Attempt in Progress Splish Company sold 202 color laser copiers on July 10, 2020, for $4,270 apiece, together with a 1-year warranty. Maintenance on
Current Attempt in Progress Splish Company sold 202 color laser copiers on July 10, 2020, for $4,270 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $331. 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 $17,150. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit e Textbook and Media Prepare Whispering's journal entry for the cost of servicing the warranties. Assume the service costs are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Prepare Whispering's journal entry for the recognition warranty revenue. Assume the service costs are inventory costs. (Round intermediate calculations to 5 decimal places, e.g. 1.55467 and final answers to O decimal places, e.g. 5,125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Prepare Whispering's journal entry for the cost of servicing the warranties. Assume the service costs are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Prepare Whispering's journal entry for the recognition warranty revenue. Assume the service costs are inventory costs. (Round intermediate calculations to 5 decimal places, e.g. 1.55467 and final answers to O decimal places, e.g. 5,125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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