On September 1, Home Store sells a mower (that costs $300) for $600 cash with a one-year warranty that covers parts. Warranty expense is estimated at 9% of sales and is recorded at the time of the sale. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $42 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.

1. Record mower sales

2. Record cost of mower sales

3. Record estimated warranty expense

4. Record the cost of warranty repairs.

On September 1, Home Store sells a mower (that costs $300) for $600 cash with a one-year warranty that covers parts. Warranty expense is estimated at 9% of sales and is recorded at the time of the sale. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $42 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