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e and f please Useful life (years) e. On September 1, 2019, the company is paid $19,500 cash in advance to provide monthly service for
e and f please
Useful life (years) e. On September 1, 2019, the company is paid $19,500 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in September. When the cash was received, the full amount was credited to the Extermination Services Revenue account. 1. The company offers a warranty for the services it sells. The expected cost of providing warranty service is 2.5% of the extermination services revenue of $75,000 for 2019. No warranty expense has been recorded for 2019. All costs of servicing warranties in 2019 were properly debited to the Estimated Warranty Liability account in norm note is an 8%, five-year, interest-bearing note with interest payable annually on December 31 The note was Step by Step Solution
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