Tableau DA 9-2 (Static): Exercise, Warranty expense and liability computations and entries LO P4 We are hired as consultants to assist Arctica Co. in accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it selis. The following Tableau Oashboard is provided to assist us. Estimated Warranty Expense Percentage by Model Current Year Sales by Model 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current yoar to recognize warranty expense. 3. A customer brings in a snowmoblle for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal enty for this repait. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. How much total estimated warranty expense does Arctica report for the current year? Complete this question by entering your answers in the tabs below. Record the adjusting entry at year-end of the current year to recognize warranty expense. Journal entry worksheet Record the estimated warranty expense. Note: Enter debits before credits. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal entry for this repair. Journal entry worksheet Record the cost of warranty repairs. Note: Enter debits before credits. Tableau DA 9-2 (Static): Exercise, Warranty expense and liability computations and entries LO P4 We are hired as consultants to assist Arctica Co. in accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it selis. The following Tableau Oashboard is provided to assist us. Estimated Warranty Expense Percentage by Model Current Year Sales by Model 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current yoar to recognize warranty expense. 3. A customer brings in a snowmoblle for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal enty for this repait. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. How much total estimated warranty expense does Arctica report for the current year? Complete this question by entering your answers in the tabs below. Record the adjusting entry at year-end of the current year to recognize warranty expense. Journal entry worksheet Record the estimated warranty expense. Note: Enter debits before credits. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal entry for this repair. Journal entry worksheet Record the cost of warranty repairs. Note: Enter debits before credits
