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On September 1, Home Store sells a mower (that costs $260) for $560 cash with a one-year warranty that covers parts, Warranty expense is estimated
On September 1, Home Store sells a mower (that costs $260) for $560 cash with a one-year warranty that covers parts, Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $39 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 Hist Journal entry worksheet 1 2. 3 4 Record the mower sales. Note: Enter de bits before credits Data General Journal Debit Credit Sep 01 Record entry Clesteny View general journal
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