Homework Answers
|
No |
Date |
General Journal |
Debit |
Credit |
|
1 |
Sep 11, 2016 |
Cash |
$620 |
|
|
Sales |
$620 |
|||
|
2 |
Sep 11, 2016 |
Warranty Expense ($620 * 8%) |
$49.60 |
|
|
Estimated warranty Liability |
$49.60 |
|||
|
3 |
July 24, 2017 |
Estimated warranty Liability |
$43 |
|
|
Repair parts Inventory |
$43 |
Add Answer to:
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016. Home Store sells a mower for $540 with a one-year warranty that...
On September 11, 2016. Home Store sells a mower for $540 with a one-year warranty that covers parts. Warranty expense is estimated at 6% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $38 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016, Home Store sells a mower for $620 with a one-year warranty that...
On September 11, 2016, Home Store sells a mower for $620 with a one-year warranty that covers parts. Warranty expense is estimated at 8 % of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $43 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty...
On September 11, 2016, Home Store sells a mower for $530 cash with a one-year warranty...
On September 11, 2016, Home Store sells a mower for $530 cash
with a one-year warranty that covers parts. Warranty expense is
estimated at 7% of sales. On July 24, 2017, the mower is brought in
for repairs covered under the warranty requiring $37 in materials
taken from the Repair Parts Inventory. Prepare the September 11,
2016, entry to record the mower sale, and the July 24, 2017, entry
to record the warranty repairs. (Round your answers to 2 decimal...
With the steps provided please so I can understand it Journal entry worksheet On September 1,...
With the steps provided please so I can understand it
Journal entry worksheet On September 1, Home Store sells a mower (that costs $210) for $510 cash with a one-year warranty that covers parts. Warranty expense is estimated at 7% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $36 in materials taken from the Repair Parts Inventory < 1 2 Prepare the September 1 entry to record...
On September 11, 2016, Home Store sells a mower for $590 cash with a one-year warranty...
On September 11, 2016, Home Store sells a mower for $590 cash with a one-year warranty that covers parts. Warranty expense is estimated at 10% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $41 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal...
On September 11, 2016, Home Store sells a mower for $480 with a one-year warranty that covers parts. Warranty expense is...
On September 11, 2016, Home Store sells a mower for $480 with a one-year warranty that covers parts. Warranty expense is estimated at 10% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)
QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in...
QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Cost $65 Fair Value $49 Portfolio of Trading Securities December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities. Prepare journal entries to record each...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016. Home Store sells a mower for $560 with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Repair Parts Inventory Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016. Home Store sells a mower for $540 with a one-year warranty that covers parts. Warranty expense is estimated at 6% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $38 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.)...
On September 11, 2016, Home Store sells a mower for $620 with a one-year warranty that covers parts. Warranty expense is estimated at 8 % of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $43 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal...
On September 1, Home Store sells a mower (that costs $160) for $460 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty...
On September 11, 2016, Home Store sells a mower for $530 cash
with a one-year warranty that covers parts. Warranty expense is
estimated at 7% of sales. On July 24, 2017, the mower is brought in
for repairs covered under the warranty requiring $37 in materials
taken from the Repair Parts Inventory. Prepare the September 11,
2016, entry to record the mower sale, and the July 24, 2017, entry
to record the warranty repairs. (Round your answers to 2 decimal...
With the steps provided please so I can understand it
Journal entry worksheet On September 1, Home Store sells a mower (that costs $210) for $510 cash with a one-year warranty that covers parts. Warranty expense is estimated at 7% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $36 in materials taken from the Repair Parts Inventory < 1 2 Prepare the September 1 entry to record...
On September 11, 2016, Home Store sells a mower for $590 cash with a one-year warranty that covers parts. Warranty expense is estimated at 10% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $41 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal...
QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Cost $65 Fair Value $49 Portfolio of Trading Securities December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities. Prepare journal entries to record each...
Most questions answered within 3 hours.
-
The cliché we use quite a lot in finance is: there is a need to
maximize...
asked 3 minutes ago -
In class we discussed the addition of HCl to alpha pinene. Would
you expect one or...
asked 3 minutes ago -
I'm trying to explain to my daughter to help her please help
me
I tagged the...
asked 10 minutes ago -
You want to accumulate $28,000 in 10 years using annual
payments, the first one in a...
asked 18 minutes ago -
1. Name the 4 products obtained from the reactions of the light phase of photosynthesis.
2....
asked 19 minutes ago -
An electron in an excited hydrogen atom makes two transitions.
First the electron drops from the...
asked 29 minutes ago -
1) I have 50.0 g of ethanol (C2H5OH) at 100 K. I want
gaseous ethanol at 373...
asked 34 minutes ago -
Under which Article of the United States Constitution
can a federal court order a State employee...
asked 35 minutes ago -
You mix 5 moles of H2 at 300 K with 5 moles of He at 360...
asked 39 minutes ago -
In Python,
Write a complete program to input up to a maximum of 25
characters into...
asked 44 minutes ago -
A ship sailing in the sea enters a wide and deep
River. The density of seawater...
asked 48 minutes ago -
Solve it in Python
4. An alternade is a word in which its letters, taken
alternatively...
asked 1 hour ago