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How much warranty expense should the company report in 2024 for this tractor? 6. How much is the warranty liability for this tractor as of
How much warranty expense should the company report in 2024 for this tractor? 6. How much is the warranty liability for this tractor as of December 31, 2024 7. Show the journal entries that would be made to record ( a) the note on September 17, 2023 (b) the payment of the note: () the sale ( assume a perpetual inventory system)(d ) the adjustment on December 31, 2023 to record the warranty expense; and (e) the repairs that occurred in January 2024. Ignore sales taxes
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