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On September 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. Warranty expense is estimated

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On September 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. Warranty expense is estimated at 8% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $35 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 5 Book View transaction list Journal entry worksheet Record the mower sales. Note: Enter debits before credits. Date General Journal Debit Credit Sep 01 Record entry Clear entry View general journal Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 er repairs. View transaction list Journal entry worksheet

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