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Larkspur Company sold 1 0 , 4 0 0 Super - Spreaders on December 3 1 , 2 0 2 2 , at a total
Larkspur Company sold SuperSpreaders on December at a total price of $ with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $ The assurance warranties extend for a year period and are estimated to cost $ Larkspur also sold extended warranties servicetype warranties related to spreaders for years beyond the year period for $ Given this information, determine the amounts to report for the following at December : sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash. Amounts Reported in Income Sales revenue $ Warranty Expense Amounts Reported on the Statement of Financial Position Unearned Service Revenue Cash Warranty Liability
Larkspur Company sold SuperSpreaders on December at a total price of $ with a warranty guarantee
that the product was free of any defects. The cost of the spreaders sold is $ The assurance warranties extend for a year
period and are estimated to cost $ Larkspur also sold extended warranties servicetype warranties related to
spreaders for years beyond the year period for $ Given this information, determine the amounts to report for the following
at December : sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash.
Amounts Reported in Income
Sales revenue
$
Warranty Expense
Amounts Reported on the Statement of Financial Position
Unearned Service Revenue
Cash
Warranty Liability
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