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need help on the first question, and im not sure if i answered the last two correctly. please help me Pinch a Penny sold a
need help on the first question, and im not sure if i answered the last two correctly. please help me
Pinch a Penny sold a pool pump to a customer on 1/1 that included a one (1) year warranty. On 12/1, Pinch a Penny received a warranty claim from this customer based on a defective pump part, so they sent the customer a replacement part from their inventory to fix the pool pump. On 12/1, what account would be debited when Pinch a Penny records the journal entry for the warranty claim? Cash Inventory Accounts Receivable Warranty Payable Current Portion Long-term Debt Accounts Payable Warranty Expense On December 1st, Orkin Pest Control received cash from a customer in the amount of $24,000 that was an advance payment for services to be provided over the next 8 months. On 12/1, when the business transaction was recorded by Orkin, what amount, if any, would be recorded for Service Revenue? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 0 When Johnson and Johnson purchased a patent, what section of the Statement of Cash Flows would be used to show the cash impact of the patent purchase? Investing Operating Leases Financing Bonds Notes: Noncash activity Step by Step Solution
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