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Monty Company had cash sales of $64,015 (including taxes) for the month of June. Sales are subject to 8.5% sales tax. Prepare the entry to
Monty Company had cash sales of $64,015 (including taxes) for the month of June. Sales are subject to 8.5% sales tax. Prepare the entry to record the sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit eTextbook and Media Assistance Used eTextbook List of Accounts Save for Later Submit Answer Attempts: 0 of 5 used On December 1, Riverbed Grove Company introduces a new product that includes a one-year warranty on parts. In December, 530 units are sold. Management believes that 5% of the units will be defective and that the average warranty costs will be $60 per unit. Prepare the adjusting entry at December 31 to accrue the estimated warranty cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media
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