local company sells televisions at an average price 1 , 2 0 0 $ with one year
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local company sells televisions at an average price $ with one year warranty for parts and labor which estimate cost $parts and $ for labor. According to past the company estimated that of sold TVs will expect to benefit from this warranty in the next year of sales. the company offer additional years separate contract for warranty for $ In the company sold TVs and contract. During TVs was sold with warranty contracts. The actual repair expneses for the year which incurred during was $ during TVs benefit from the additional contract and was the actual repair expenses for normal warranty.required: prepare all journals entries relating to normal and additional warranty during and
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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