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n November 10, 2023, Singh Electronics began to buy and resell scanners for $54 each. Singh uses the perpetual systern to account or inventories. The
n November 10, 2023, Singh Electronics began to buy and resell scanners for $54 each. Singh uses the perpetual systern to account or inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 ransactions occurred in 2023 and 2024 (ignore GST antimates warranty costs based on 15% of the number of units sold. The following Hov. 2073 15 Sold 4,000 scanners for $216,060 cash. 30 kecognized warranty expence for Novenber with an adjusting entry. 15 . Neplaced 150 scanners that were returned under the warranty. 29 . Pold, 609 scanners. 31 Necognjied se sanners that were returned unden the warranty. 2025 . Warranty expense for December with an adjust ing entry. San. 14 sold 180 scanners. 30 Feplated 52 seanners that jere returned under the warranty. 31 Recognized marranty expence for January with an adjusting entry. Required: 1. How much warmanty experise should be reported for November and December 2023
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