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What would be the account name for the very bottom. I've tried cash and then salaries and wages expense Your answer is partially correct. Try
What would be the account name for the very bottom. I've tried cash and then salaries and wages expense
Your answer is partially correct. Try again. In 2021, Pearl Company incurred actual costs relative to 2020 television warranty sales of $2,000 for parts and $3,850 for labor. Record any necessary journal entries in 2021 relative to 2020 television warranties. Use "Inventory" account to record the warranty expense. (If no entry is required, select "No 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.) Account Titles and Explanation Debit Credit Unearned Warranty Reveni 6561 6561 Warranty Revenue (To record the warranty revenue earned.) Warranty Expense 5850 Inventory 2000 labor 3850Step by Step Solution
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