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Exercise 13-10 |/| Your answer is partially correct. Try again. Swifty Company sold 199 color laser copiers on July 10, 2017, for $3,640 apiece, together
Exercise 13-10 |/| Your answer is partially correct. Try again. Swifty Company sold 199 color laser copiers on July 10, 2017, for $3,640 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $314 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 $18,190. (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 Cash 724360 Warranty Expense Sales Revenue Warranty Liability 62486 Dec. 31, 20174Warranty Liability 18190 Inventory 18190
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