Homework Answers
Answer -
Journal of Winslow Company
| No. | Account Titles and Explanation | Debit ( £) | Credit ( £) |
| 1. |
Cash [150 units * £4000] Sales Revenue (To record the sale revenue) |
600000 - |
- 600000 |
| 2.(a) |
Warranty Expense [Given in question] Cash (To record warranty expense) |
17000 - |
- 17000 |
| 2.(b) |
Warranty Expense [(150 units * £300) - £17000] Warranty Liability (To record warranty liability) |
28000 - |
- 28000 |
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Winslow Company sold 150 color laser copiers in 2015 for £4,000 apiece, together with a one-year...
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Pronghorn Company sold 218 color laser copiers on July 10, 2020, for $3,690 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $315. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $18,670. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit...
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Bridgeport Company sold 202 color laser copiers on July 10, 2017, for $3,720 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $355.Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $18,560. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account...
Exercise 13-10 Buffalo Company sold 199 color laser copiers on July 10, 2017, for $3,930 apiece,...
Exercise 13-10
Buffalo Company sold 199 color laser copiers on July 10, 2017,
for $3,930 apiece, together with a 1-year warranty. Maintenance on
each copier during the warranty period is estimated to be
$354.
Prepare entries to record the sale of the copiers, the related
warranty costs, and any accrual on December 31, 2017. Actual
warranty costs (inventory) incurred in 2017 were $16,230.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the...
Question 3 Pearl Company sold 201 color laser copiers on July 10, 2017, for $4,230 apiece,...
Question 3 Pearl Company sold 201 color laser copiers on July 10, 2017, for $4,230 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $333. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $16,250. (If no entry is required, select "No Entry" for the account titles and enter O for the...
Buffalo Company sold 218 color laser copiers on July 10, 2020, for $3,680 apiece, together with...
Buffalo Company sold 218 color laser copiers on July 10, 2020, for $3,680 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $341. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $17,060
Monty Company sold 196 color laser copiers on July 10, 2020, for $3,670 apiece, together with...
Monty Company sold 196 color laser copiers on July 10, 2020, for $3,670 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $319. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $17,370.
Blue Spruce Corporation sold 138 colour laser copiers in 2020 for $4,380 each, including a one-year...
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 incurred in 2020 were $15,700. Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select...
Blue Spruce Corporation sold 138 colour laser copiers in 2020 for $4,380 each, including a one-year...
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 incurred in 2020 were $15,700. Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select...
need answers ERREU, ruang footnote disclosure. E13-10 (L03) (Warranties) Soundgarden Company sold 200 color laser copiers...
need answers
ERREU, ruang footnote disclosure. E13-10 (L03) (Warranties) Soundgarden Company sold 200 color laser copiers on July 10, 2017, for $4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $330. Instructions Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual war ranty costs (inventory) incurred in 2017 were $17,000.
Exercise 13-10
Buffalo Company sold 199 color laser copiers on July 10, 2017,
for $3,930 apiece, together with a 1-year warranty. Maintenance on
each copier during the warranty period is estimated to be
$354.
Prepare entries to record the sale of the copiers, the related
warranty costs, and any accrual on December 31, 2017. Actual
warranty costs (inventory) incurred in 2017 were $16,230.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the...
Question 3 Pearl Company sold 201 color laser copiers on July 10, 2017, for $4,230 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $333. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $16,250. (If no entry is required, select "No Entry" for the account titles and enter O for the...
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 incurred in 2020 were $15,700. Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select...
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 incurred in 2020 were $15,700. Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select...
need answers
ERREU, ruang footnote disclosure. E13-10 (L03) (Warranties) Soundgarden Company sold 200 color laser copiers on July 10, 2017, for $4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $330. Instructions Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual war ranty costs (inventory) incurred in 2017 were $17,000.
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