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On September 11, 2017, Home Store sells a mower (that costs $310) for $550 cash with a one-year warranty that covers parts. Warranty expense is
On September 11, 2017, Home Store sells a mower (that costs $310) for $550 cash with a one-year warranty that covers parts. Warranty expense is estimated at 8% of sales. On July 24, 2018, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2017, entry to record the mower sale, and the July 24, 2018, entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the sale of mower for $550. Note: Enter debits before credits. General Journal Debit Credit Date Sep 11, 2017 Record entry Clear entry View general journal Record cost of mower sales. Note: Enter debits before credits. Date General Journal Debit Credit Sep 11, 2017 Record entry Clear entry View general journal Journal entry worksheet Record estimated warranty expense. Note: Enter debits before credits. General Journal Debit Credit Date Sep 11, 2017 Record entry Clear entry View general journal Journal entry worksheet Record cost of warranty repairs. Note: Enter debits before credits. Date General Journal Debit Credit Jul 24, 2018 Record entry Clear entry View general journal
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