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PLEASE SHOW WORK Martinez Company sold 199 color laser copiers on July 10, 2017, for $3, 640 apiece, together with a 1-year warranty. Maintenance on
PLEASE SHOW WORK
Martinez Company sold 199 color laser copiers on July 10, 2017, for $3, 640 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $314. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31. 2017. Actual warranty costs (inventory) incurred in 2017 were $19, 100. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles, are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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