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just need help with #3 journal entry . On September 1, Home Store sells a mower (that costs $260) for $560 cash with a one
just need help with #3 journal entry .
On September 1, Home Store sells a mower (that costs $260) for $560 cash with a one year warranty that covers parts Warranty expense is estimated at 12% of sales and is recorded at the time of the sale on January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory Prepare the September 1 entry to record the mower sole (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Step by Step Solution
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