Homework Answers
| Sep 11 | Cash | 560 | |
| Sales revenue | 560 | ||
| Sep 11 | Warranty expenses | 67.20 | |
| Estimated warranty liability | 67.20 | ||
| 560*12% | |||
| Jul 24 | Estimated warranty liability | 39 | |
| Repair parts inventory | 39 |
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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...
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.)...
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower...
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $620 cash 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...
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.)
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019....
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons DATE TRANSACTIONS Sept. 1 Issued Check 1169 for $1,200 to pay the September rent. 5 Performed services for $3,2ΘΘ in cash. 6 Performed services for $2,05Θ on credit. 10 Paid $560 for monthly telephone bill; issued Check 1170. 11 Paid for equipment repairs...
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.)...
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $620 cash 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...
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...
The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons DATE TRANSACTIONS Sept. 1 Issued Check 1169 for $1,200 to pay the September rent. 5 Performed services for $3,2ΘΘ in cash. 6 Performed services for $2,05Θ on credit. 10 Paid $560 for monthly telephone bill; issued Check 1170. 11 Paid for equipment repairs...
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