The company Importadora S.A. sold 29 pieces of equipment on credit with a value of C560,000 each, which are exempt from VAT. A guarantee is offered to customers, the guarantee has a unit value of C62000 which are additional to the sale price. It is estimated that (27,000 in labor and C30,000 in spare parts will be spent for each piece of equipment sold that must be covered by the guarantee. At the end of the month, 4 customers made use of the guarantee and the estimated expenses were incurred. Consider that the company uses the sales guarantee accrual method.

Description. Debit Credit

Sale Record

registration of guarantees exercised

Record of the provision

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