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i need help with 4-12 please [The following information applies to the questions displayed below.] On October 29, Lobo Company began operations by purchasing razors
i need help with 4-12 please [The following information applies to the questions displayed below.] On October 29, Lobo Company began operations by purchasing razors for resale. The razors have a 90 -day warranty. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $15 and its retail selling price is $80. The company expects warranty costs to equal 5% of dollar sales. The following transactions occurred. November 11 Sold 50 razors for $4,000 cash. November 30 Recognized warranty expense related to November sales with an adjusting entry. December 9 Replaced 10 razors that were returned under the warranty. December 16 Sold 150 razors for $12,000 cash. December 29 Replaced 20 razors that were returned under the warranty. December 31 Recognized warranty expense related to December sales with an adjusting entry. January 5 sold 100 razors for $8,000 cash. January 17 Replaced 25 razors that were returned under the warranty. January 31 Recognized warranty expense related to January sales with an adjusting entry. Problem 9-4A (Algo) Part 1 Required: 1. Prepare journal entries to record above transactions and adjustments. Journal entry worksheet equired: Prepare journal entries to record above transactions and adjustments. Journal entry worksheet (1) 2. 5 6 7 8 12 Record the replacement of 10 razors that were returned under the warranty. Note: Enter debits before credits. Journal entry worksheet Record the sales revenue of 150 razors for $12,000 cash. Note: Enter debits before credits Journal entry worksheet 1 4 5 Record the cost of goods sold for 150 razors. Note: Enter debits before credits. Journal entry worksheet 1 (1) 2 4 5 Record the replacement of 20 razors that were returned under the warranty. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{llll|ll|l|ll} & & 4 & 5 & 7 & 8 & 9 & & 12 \end{tabular} Record the sales revenue of 100 razors for $8,000 cash. Note: Enter debits before credits. Journal entry worksheet (1) ,5 6 7 8 Record the cost of goods sold for 100 razors. Note: Enter debits before credits. Journal entry worksheet Record the replacement of 25 razors that were returned under the warranty. Note: Enter debits before credits. Journal entry worksheet 1 5 9 Record the adjusting entry for warranty expense for the month of January. Note: Enter debits before credits
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