Blue Spruce Corporation sold 138 colour laser copiers in 2020 for $4,380 each, including a one-year...

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Blue Spruce Corporation sold 138 colour laser copiers in 2020 for $4,380 each, including a one-year warranty. Maintenance on each machine during the warranty period averages $300.

1)

Prepare entries to record the machine sales and the related warranty costs under the expense approach. Actual warranty costs

Based on the information above and assuming that the cash basis is used, prepare the appropriate entries. (Credit account tit

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Blue Spruce Corporation sold 138 colour laser copiers in 2020 for $4,380 each, including a one-year...

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