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Teal Company sold 390 copy-making machines in 2025 for $3,300 apiece, together with a one-year warranty. Repair costs for each machine during the warranty period
Teal Company sold 390 copy-making machines in 2025 for $3,300 apiece, together with a one-year warranty. Repair costs for each machine during the warranty period average $350. Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2025 were $25,500. (If no entry is required, select "Wo Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
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