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l Kim, Inumdiate Accounting, 119, Volume 1 INTERMEDIATE ACCOUNTING 1 {ACCT 315 I ACCT 32 no Assignment Grad-beak I ORION Download-bl. e1'extbeek EI'II muse-men i imam-n vsmuu | 4 BACK m Addltlnnal Problem 11 On January 1, 2017, Crane Ltd. sold on account 1,200 units of Its product for total price of $551,000 and a nest of $483,000. The pmducts have a one-year assurance-type wan-anty and Crane utlmate; that 'le cost will be $22,000. By the company's yeahend December 31, 2017, actual wan'anty costs related to the products sold was $17,300, pald In cash. Prepare all approprlate journal entries Includlng the sale of merchandise. (Creek account true: are automatically lndented when the amount is entered. Do not Indent manually. Ifno entry ls required, select "No Entry\" for me account titles and enter a for the amounts.) Date we 1W- Iad Eatthe 0\" Credit January H17 (in we sale)? abremmmemofgoodsmu) (rereadwammyctmj M! | Q 2000-2017 John Wllex 8. Sons Inc. All Rights Reserved. A DLvlsion ofJohn Wily 3. Sons Inc. Version 4.24