E13-12 (Warranties) Winslow Company sold 150 color laser copiers in 2015 for £4,000 apiece, together
with a one-year assurance-type warranty. Maintenance on each copier during the warranty period aver-
ages £300.
Instructions
Prepare entries to record the sale of the copiers and the related warranty costs. Actual warranty costs in-
curred in 2015 were £17,000