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PLEASE HELP Blossom Inc began selling game consoles on November 1.2024. The compary offers a 60 -day warranty for defective merchandise: Based on past experience
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Blossom Inc began selling game consoles on November 1.2024. The compary offers a 60 -day warranty for defective merchandise: Based on past experience with other similar products, Blossom estimates that 2.608 of the units sold will become defective in the Warranty period, and that the average cost of replacing or repalring a defective unit is $22. In November, Blossomsold 31,000 units and 470 defective units were returned. In December, Blossom sold 34,000 units and 650 defective units were returined. The actual cost of replacing the defective units wes $19.712. (a) Prepare a journal entry to accrue for the estimated Warranty costs for the November and December sales at December 31 . 2024 . ICrest occount tieles ore outomoticolly indented when the amount is enterad. Do not indent monuoily If no ertry is required, selact "Wo Entry for the ocooint tilles and enter ofor the amounts. List debitentry before crendit enteyf Step by Step Solution
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