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Wimmy sold 5499,000 of consumer electronice during July under a two year warranty. The cost to repair defects under the wamranty is estimsted at 7%
Wimmy sold 5499,000 of consumer electronice during July under a two year warranty. The cost to repair defects under the wamranty is estimsted at 7\% af the sales price. On November10, a customer was given 5120 cash under terms of the warrantyi (a) Provide the joumal entry for the estimated warranty expense on July 31 for July sales. If an amount box does not require an entry, leave it blank: (b) Provide the yournal entry for the November 10 cash poyment. If an amount box does not require an enty. leave it blank: Nov, 10
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