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Early in 2020, Whispering Equipment Company sold 500 Rollomatics at $6,100 each. During 2020, Whispering spent $22,000 servicing the 2-year assurance warranties that accompany the
Early in 2020, Whispering Equipment Company sold 500 Rollomatics at $6,100 each. During 2020, Whispering spent $22,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2020 entries for Whispering. Assume that Whispering estimates the total cost of servicing the warranties in the second year will be $38,000. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer (b) eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. MacBook Pro
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