Table Font Alignment Number Cell Styles Office Update To keep up-to-date with security updates, fixes, and improve... D207 f A Cells C D E 207 III. Estimated Liabilities 208 Pedalthon imports and sells connected stationary Bicycles for $2,000 each. The units come with a 209 one year warranty. The average repair cost is $90 and 20% of the units typically have a warranty 210 claim. To stimulate sales during slow periods, rebates of $100 are offered. Typically 80% 211 of the eligible rebates are redeemed for cash. 212 213 Sales data for 2019 is as follows 214 Sold and delivered 215 Sold FOB destination and in transit 216 Unfilled orders 217 218 Warranty repair costs paid and recorded in 2019 219 Warranty Liability, Jan. 1, 2018 220 Units sold to which rebate applies 221 Rebates paid in 2019 222 Units 11,000 500 1,000 $ 150,000 $ 23,000 2,500 $ 170,000 223 Make any year end adjusting entries for warranty and rebate programs 224 Calculations for the year end warranty liability balance 225 226 227 228 229 230 231 Calculations for the year end rebate liability balance 232 233 234 235 236 237 238 Year-End Adjusting Entries 239 240 241 242 243 Final Part A Version A + Ready