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On September 1 Home Store sells a mower that costs $240) for $540 cash with a one year warranty that covers parts. Warranty expense'ls estimated

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On September 1 Home Store sells a mower that costs $240) for $540 cash with a one year warranty that covers parts. Warranty expense'ls estimated at 6% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $38 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the mower sales. Note: Enter debits before credits Date General Journal Debit Credit Sep 01 Cash 540 00 Sales 500.00

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