QS $11-13($Algo$)$ Recording warranty repairs LO P$4$

On December $1,$ Home Store sells a mower $($that costs $$150)$ for $$450$ cash with a one$-$year warranty that covers parts. Warranty

expense is estimated at $9\%$ of sales. On January $24$ of the following year, the mower is brought in for repairs covered under the

warranty req

ken from the Parts Inventory.

Prepare the December $1$ entry to record the mower sale $($and cost of sale$),$ the December $31$ adjusting entry for estimated warranty

liability, and the January $24$ entry to record the warranty repairs.

Note: Round your answers to $2$ decimal places.

Journal entry worksheet

Record the mower sales.

Note: Enter debits before credits.

Answer the problems:

$1.$ record the mower sales.

$2.$ record the cost of mower sales.

$3.$ record the estimated warranty expense.

$4.$ record the cost of warranty repairs.