The following transactions occurred to General Electric Company dung 2012 1a. General Electric sold for cash 6 airplane engines for 20000000 euch General Electes del cost of servicing the warranties will be 500.000 for 5 years 1b. During 2020 General Electric spent 80 000 KD serving the siguruar the engines. The warranty amount was spent on wages 3000 KD! leto (30000 KD) 2- Prepare journal entries for purchase of factory and environmental and is set 2a General Electric purchases for cash a factory on an 200 to cost of expects to goerate the factory for 15 years 2b. General Electric is legally required to dismante and remove the best estimated costat (Fair value today is 250 000 KD 20 After 15 years General Electric pas 60000 KD to come ACS -2--202-ALL The following transactions occurred to General Companying on 1a. General Electric sold for cash 6 airplane engines for 2500.000 lei cost of servicing the warranties will be 500.550 loss yours 16. During 2020, General Electric spent 80.000 sering the Space the engines. The warranty amount was spent on wags 000), 30,000 KD). 2- Prepare journal entries for purchase of factory and encomenda 22. General Electric purchases for cash a factory on baary 1, 2020 expects to operate the factory for 15 years 2b. General Electric is legally required to dismantle and remove the factory is an estimat (Fair value today is 2,750,000 KD) 20. After 15 years, General Electric pays 4,000,000 to be demande the fron, Accounts Det 1a The following transactions occurred to General Electric Company during 2020: Wys 1a. General Electric sold for cash 6 airplane engines for 2,000,000 KD each. General Electric estimates the total cost of servicing the warranties will be 500,000 for 5 years. Pag 1b. During 2020, General Electric spent 80,000 KD servicing the 5-year assurance-type warranties that accomparty the engines. The warranty amount was spent on wages 30,000 KD), inventory (20,000 KD) and cash refunds 30,000 KD). 2- Prepare journal entries for purchase of factory and environmental liability and its settlement. 2a. General Electric purchases for cash a factory on January 1, 2020, at a cost of 10,000,000 KD. General Electric Navod 15.00 expects to operate the factory for 15 years. 2b. General Electric is legally required to dismantle and remove the factory for an estimated cost of 4,000,000 XD (Fair value today is 2,750,000 KD). 2c. After 15 years, General Electric pays 4,000,000 KD to dismantle the factory. # Accounts Debit Credit Cash 2000000 Sales revenue 2000000 1a P Cash 500000 Sales revenue : 500000 Accounts Cash Debit Great 2000000 Sales revenue 1a 20000.00 Cash 500000 Sales revenue 500000 . 1b Ra Unearned warranty revenue : 10000000 10000000 . Warranty revenue : 2b Sales revenue 520000 1b Ra Unearned warranty revenue 10000000 Warranty revenue 10000000 2b 20 il marts of the
