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I need part B please Exercise 13-11 (Part Level Submission) Early in 2017, Monty Equipment Company sold 600 Rollomatics during 2017 at $6,100 each. During
I need part B please
Exercise 13-11 (Part Level Submission) Early in 2017, Monty Equipment Company sold 600 Rollomatics during 2017 at $6,100 each. During 2017, Monty spent $20.000 servicing the 2-year warranties that accompany the Rollomac. Al applicable surance vice. Type (a) Your answer has been saved and sent for grading. See Gradebook for score details. Prepare 2017 entries for Monty. Assume that Monty estimates the total cost of servicing the warranties will be $54,000 for 2 years (Il no entry is required select "No Entry for the accountities and er are automatically indented when amount is entered. Do not inderat manually.) Date Account Titles and Explanation Debit Crede At Sale Cash 3.660.000 Sales Revenue 3.660,000 During 2017 Warranty Expense 20.000 Cach 20.000 34800 Dec. 31. 2017 Warranty Expense 34.000 Warranty aby Show Works REQUIRED for this questions on Show Work Copy Show Work from Prev COUNTS (b) Prepare 2017 entries for Monty assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total $55,000 relates to wes of warrantyMonty estimates the will be $54,000 for 2 years. Estimate revenues to be recognized on a straight-line basis. (to entry is required select "No Entry for the countries and enter for the amount Credit contales are aute amount is entered. Do not indent manually. Round intermediate calculations to 3 decimal places 1.50657 answers to decimal places 5.125.) Account Titles and Explanation Debat Creda Date (To record warranty revenue) Show Work is REQUIRED for this questions Open Show Work SHOW LIST OF ACCOUNTS Step by Step Solution
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