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See Thru company offers a three-year warranty on its premium door locks. During the year, the company had sales of $103,000 related to the sales
See Thru company offers a three-year warranty on its premium door locks. During the year, the company had sales of $103,000 related to the sales warranty costs should be approximately $2,700 per year. How much warranty expense related to these sales will see-Thru Company's income statement show in the year of the sales? How much waranty expense will See-Thru Company have in the two years after sales?
Warranty expense in year 1 _____________
warranty expense in year 2 and year 3 ___________
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