{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T09:12:14-04:00", "answer_date": "2024-05-26 09:12:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1732205", "url": "\/study-help\/questions\/koquotaako-appliance-companys-accountant-has-been-reviewing-the-firms-past-1732205", "question_creation_date_js": "2024-05-26T09:12:14-04:00", "question_creation_date": "May 26, 2024 09:12 AM", "meta_title": "[Solved] KO-QUOTA-AKO Appliance Company's accounta | SolutionInn", "meta_description": "Answer of - KO-QUOTA-AKO Appliance Company's accountant has been reviewing the firm's past television sales. For the past years, K | SolutionInn", "meta_keywords": "ko-quota-ako,appliance,company,s,accountant,reviewing,firm,television,sales,years,offering,special", "question_title_h1": " KO-QUOTA-AKO Appliance Company's accountant has been reviewing the firm's past television sales. For the past years, KO-QUOTA-AKO has been offering a special service warranty", "question_title": " KO-QUOTA-AKO Appliance Company's accountant has been reviewing the firm's past television", "question_title_for_js_snippet": "KO QUOTA AKO Appliance Company's accountant has been reviewing the firm's past television sales For the past years, KO QUOTA AKO has been offering a special service warranty on all televisions sold With the purchase of television, the customer has the right to purchase a 3 year service contract for an extra P100 Sales of service contract are made evenly throughout each year Information concerning past television and warranty contract sales is given below How much is the unearned service contract as of December 31, 2021 2 points Television sales in units Sales price per unit Number of service contracts sold Expenses relating to television warranties 2019 2020 500 600 P750 P750 400 500 P20,000 P22,000 KO QUOTA AKO's accountant has estimated from past records that the pattern of repairs has been 50 in the year of sale, 30 first year after sale and 20 on 2nd year after sale Your answer", "question_description": "\"image", "transcribed_text": "KO-QUOTA-AKO Appliance Company's accountant has been reviewing the firm's past television sales. For the past years, KO-QUOTA-AKO has been offering a special service warranty on all televisions sold. With the purchase of television, the customer has the right to purchase a 3-year service contract for an extra P100. Sales of service contract are made evenly throughout each year. Information concerning past television and warranty contract sales is given below: How much is the unearned service contract as of December 31, 2021? * 2 points Television sales in units Sales price per unit Number of service contracts sold Expenses relating to television warranties 2019 2020 500 600 P750 P750 400 500 P20,000 P22,000 KO-QUOTA-AKO's accountant has estimated from past records that the pattern of repairs has been 50% in the year of sale, 30% first year after sale and 20% on 2nd year after sale. Your answer", "related_book": { "title": "Financial Accounting", "isbn": "978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152", "edition": "2nd edition", "authors": "Robert Kemp, Jeffrey Waybright", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/292.jpg", "uri": "\/textbooks\/financial-accounting-2nd-edition-292", "see_more_uri": "" }, "free_related_book": { "isbn": "0802807259", "uri": "\/textbooks\/psychology-as-religion-the-cult-of-self-worship-2nd-edition-9780802807250-104237", "name": "Psychology As Religion The Cult Of Self Worship", "edition": "2nd Edition" }, "question_posted": "2024-05-26 09:12:14", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/intermediate-accounting\/comparative-figures-from-the-statement-of-profit-or-loss-of-790098", "description": "Comparative figures from the statement of profit or loss of Misty Ltd are shown below: 2017 2016 Revenue (all sales) Cost of sales $450 000 292 300 $390 000 287 000 Gross profit Expenses (including...", "stars": 3 }, { "url": "\/a-summarize-jia-lis-legal-rights-in-this-situation-b", "description": "(a) Summarize Jia Lis legal rights in this situation. 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