(NEW) Nevin Enterprise sells electrical appliances and guarantees repair or replacement for products it sells of the world.

a) Nevin Company decided to allocate a total of TL 48.000 for sales in 2019 on 31.12.2019.

(There is no guarantee allocated before 31.12.2019.)

b) The Nevin Enterprise has been implementing the "Warranty Provisions" separation policy since the past years and dated 31.12.2019

The balance of the "Garanti Provisions Account" before adjustments is $18,800. Nevin Enterprise for sales in 2019

48.000 TL in total has decided to allocate a guarantee.

Requested: Nevin Business's "Warranty Provisions Account" for both the above, independent of each other make the required journal ledger records. To the Balance Sheet of journal registrations dated 31.12.2019 and the Profit or Loss Statement for 2019 impact in both situations.