Question
Exercise 13-10 Flint Company sold 200 color laser copiers on July 10, 2017, for $4,050 apiece, together with a 1-year warranty. Maintenance on each copier
Exercise 13-10
Flint Company sold 200 color laser copiers on July 10, 2017, for $4,050 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $326. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $18,280. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
Jul. 10, 2017During 2017Dec. 31, 2017 | |||
Jul. 10, 2017During 2017Dec. 31, 2017 | |||
Jul. 10, 2017During 2017Dec. 31, 2017 | |||
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