ncias Correspondencia Revisar Vista Ayuda Qu desea hacer? ueden contener virus. Si no tiene que editarlo, es mejor que siga en Vista protegida. Habilitar edicin shabilitadas porque el producto de Office est inactivo. Para usarlas gratis, inicie sesin y use la versin web. Activar Usar gra 4. The Captain Company began operations on January 1, 2016. In 2016, Captain's sales were $400,000, and payments arising out of warranty obligations were $18,000. Required: a. b. Assume that this is an assurance-type warranty and $0.10 of warranty cost will be incurred for each $1.00 of sales. Prepare the 2016 journal entries to record warranty expense and payments made using the GAAP approach which requires that warranty expense (and the related liability) be accrued in the period of the sale. (4 pts) Assume that this is a service-type warranty and $0.10 of each $1.00 of sales represents warranty revenue. Prepare the 2016 journal entries related to product sales and warranty activities. (7 pts) SEE NEXT PAGE To record expense for assurance warranty: D acer Debit Credit Debit Credit a. To record expense for assurance warranty: To record payments made: b. To record sales and warranty revenue: To record payments made for warranty costs: To record warranty revenue earned