Tools Data Window Help Excel File Edit View Insert Format AutoSave OP BESU- Home Insert Draw Page Layout Formulas Calibri (Body) 18 A A View Data Review ZEE 29 Wrap fx Chapter 13 Operating Liabilities and Contingencies A Chapter 13 Operating Liabilities and Contingencies n y gives each of its 80 employees (assume they were all employed continuously through 2018 and 2019) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be Laken starting January 1 of the next year. The employees work 8 hours per day. In 2018, they made $17.50 per hour and in 2019 they made $20 per hour. During 2019, they took an average of 8 days of vacation each. The company's policy is to record the liability existing at the end of each year at the wage rate for that year. Under US. GAAP, what amount of vacation liability would be reflected on the 2018 and 2019 balance sheets? Big Dots provides a one-year warranty with all its products itsells. It estimates that it will sell 350,000 units of its product for the ended December 31, 2018, and that its total revenue for the product will be $105,000,000. It also estimates that 75% of the prod 18 have no defects, 5% will have major defects, and 20% will have minor defects. The cost of a minor defect is estimated to be $6 fo 19 product repaired, and the cost for a major defect cost is about $21. The company also estimates that the minimum amount of wi expense will be $1,500,000 and the maximum will be $6,000,000 Prepare the journal entry for 2018 under the warranty. ExcelFile Edit View Insert Format Tools Data Window Help ser BEU Chapter 13 recar Home Insert Draw Page Layout Formulas Data Review Calibri (Body) 11 AA EE Wrap Text General Peste BIU A 300 Merge & Center $ % 814 x_ Do provides a warranty with all products it December 11, 2011 and th other w i th estimates that it will se 50.000 units of its product for the year ended 10.000.000 estimates that of the product will have no the conduct is estimated to be for each product Sunda Prepare the journal entry for 2018 the warranty MacBook Air Tools Data Window Help Excel File Edit View Insert Format AutoSave OP BESU- Home Insert Draw Page Layout Formulas Calibri (Body) 18 A A View Data Review ZEE 29 Wrap fx Chapter 13 Operating Liabilities and Contingencies A Chapter 13 Operating Liabilities and Contingencies n y gives each of its 80 employees (assume they were all employed continuously through 2018 and 2019) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be Laken starting January 1 of the next year. The employees work 8 hours per day. In 2018, they made $17.50 per hour and in 2019 they made $20 per hour. During 2019, they took an average of 8 days of vacation each. The company's policy is to record the liability existing at the end of each year at the wage rate for that year. Under US. GAAP, what amount of vacation liability would be reflected on the 2018 and 2019 balance sheets? Big Dots provides a one-year warranty with all its products itsells. It estimates that it will sell 350,000 units of its product for the ended December 31, 2018, and that its total revenue for the product will be $105,000,000. It also estimates that 75% of the prod 18 have no defects, 5% will have major defects, and 20% will have minor defects. The cost of a minor defect is estimated to be $6 fo 19 product repaired, and the cost for a major defect cost is about $21. The company also estimates that the minimum amount of wi expense will be $1,500,000 and the maximum will be $6,000,000 Prepare the journal entry for 2018 under the warranty. ExcelFile Edit View Insert Format Tools Data Window Help ser BEU Chapter 13 recar Home Insert Draw Page Layout Formulas Data Review Calibri (Body) 11 AA EE Wrap Text General Peste BIU A 300 Merge & Center $ % 814 x_ Do provides a warranty with all products it December 11, 2011 and th other w i th estimates that it will se 50.000 units of its product for the year ended 10.000.000 estimates that of the product will have no the conduct is estimated to be for each product Sunda Prepare the journal entry for 2018 the warranty MacBook Air