q12t

On January 1,2023, Pharoah Ltd. sold on account 1,300 units of its product for a total price of $537,000 and a cost of $467,000. The products have a one-year assurance-type warranty and Pharoah estimates that the cost will be $22,400. By the company's year-end December 31,2023 , actual warranty costs related to the products sold was $18.600, paid in cash. Prepare all appropriate journal entries including the sale of merchandise. (Credit occount titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tifles and enter O for the amounts. List all debit entries before credit entries. Record joumal entries in the order presented in the problem.) Test \# 3 - Winter 2023 - March 30, 2023 Question 12 of 16 (To record the sale) (To record the cost of goods sold) Save for Later Attempts: 0 of 1 used Submit