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question a and b Version 1 On 30 June 2020, Harris Ltd's warranty provision account before the end-of-perlod adjustment has a creat balance of $3,000.
question a and b Version 1 On 30 June 2020, Harris Ltd's warranty provision account before the end-of-perlod adjustment has a creat balance of $3,000. The estimated cost of serving outstanding (unexpired) warranties was $18,000 on 30 June 2020, On 28 February 2021, Harris Ltd replaced goods under warranty at a cost of $5,600 using goods from its own inventory Required: a) Prepare a journal entry at the year end 30 June 2020 to record the end-of-perlod adjustment to the Warranty Provision account. (1 mark) b) Prepare a journal entry to record the warranty claims on 28 February 2021. (1 mark) Narrations are not required. A B T/- 6 % a) Debit Credit Date Account Titles b) net Prer Arcount Tits MacBook
question a and b
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