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Homework: Chapter 11 Question 5, Problem 11-9B (book/static) Part 1 of 13 > HW Score: 0%, 0 of 10 points O Points: 0 of
Homework: Chapter 11 Question 5, Problem 11-9B (book/static) Part 1 of 13 > HW Score: 0%, 0 of 10 points O Points: 0 of 5 Save Potato Chip Solutions produces and sells farm equipment and sorting systems for businesses near the Holland Marsh in Ontario. The company offers a 60-day, all equipment and labour-and an extra 90-day, parts-only-warranty on all of its products. The company had the following transactions in 2019: (Click on the icon to view all the transactions in 2019.) Required 1. Journalize the above transactions. 2. Show the appropriate financial statement presentation for all liabilities. Requirement 1. Journalize the transactions. January 31. Sales for the month totalled $350,000 (not including HST), of which 95 percent were on credit. The company collects 13 percent HST on all sales and estimates its warranty costs at 2 percent of sales. (Record debits first, then credits. Exclude explanations from journal entries. Choose "no journal entry" on the top line if no journal entry is required.) Jan. Date 2019 General Journal Accounts Debit Credit Help me solve this Calculator Ask my instructor Clear all Check answer
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