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On September 1 , Home Store sells a mower ( that costs $ 1 9 0 ) for $ 4 9 0 cash with a
On September Home Store sells a mower that costs $ for $ cash with a oneyear warranty that covers parts. Warranty expense is estimated at of sales and is recorded at the time of the sale. On January of the following year, the mower is brought in for repairs covered under the warranty requiring $ in materials taken from the Repair Parts Inventory.
:
Prepare the September entry to record the mower sale and cost of sale and the January entry to record the warranty repairs. Note: Round your answers to decimal places.
Journal entry worksheet
Record the mower sales.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableSeptember
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