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Winslow Company sold 150 color laser copiers in 2015 for 4,000 apiece, together with a one-year assurance-type warranty. Maintenance on each copier during the warranty
Winslow Company sold 150 color laser copiers in 2015 for 4,000 apiece, together with a one-year assurance-type warranty. Maintenance on each copier during the warranty period averages 300. Prepare entries to record the sale of the copiers and the related warranty costs. Actual warranty costs incurred in 2015 were 17,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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