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TB Problem 13-157 (Algo) Sunnyvale Computer Company... Sunnyvale Computer Company sells a line of computers that carry a six-month warranty. Customers are offered the opportunity
TB Problem 13-157 (Algo) Sunnyvale Computer Company... Sunnyvale Computer Company sells a line of computers that carry a six-month warranty. Customers are offered the opportunity to buy a two-year extended warranty for an additional charge. During 2024 , Sunnyvale received $346,000 from customers for these extended warranties. All sales are on credit, and funds are received evenly throughout the year and the warranties go into effect immediately after purchase. Required: Prepare a summary journal entry to record sales of the extended warranties. Also prepare any other entries associated with the warranties that should be recorded during 2024. Journal entry worksheet Record the $346,000 sale of the extended warranties. Note: Enter debits before credits. Journal entry worksheet Record the recognition of revenue from extended warranties for the year ending December 31, 2024. Note: Enter debits before credits
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