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QS 1 1 - 1 3 ( Algo ) Recording warranty repairs LO P 4 On December 1 , Home Store sells a mower (
QS Algo Recording warranty repairs LO P
On December Home Store sells a mower that costs $ for $ cash with a oneyear warranty that covers parts. Warranty
expense is estimated at of sales. On January of the following year, the mower is brought in for repairs covered under the
warranty req
ken from the Parts Inventory.
Prepare the December entry to record the mower sale and cost of sale the December adjusting entry for estimated warranty
liability, and the January entry to record the warranty repairs.
Note: Round your answers to decimal places.
Journal entry worksheet
Record the mower sales.
Note: Enter debits before credits.
Answer the problems:
record the mower sales.
record the cost of mower sales.
record the estimated warranty expense.
record the cost of warranty repairs.
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