E13-7 & 11 - 20,000 Warranty expense 100,000 Estimated...

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Melissa C Pearcy Week 5 IND Adjusting Entry 30-Jun Sales Revenue 21,900 Sales tax Payable 21,900 Sales Tax rate 6% Revenue 386900 Revenue without sales tax 365000 Sales tax 21900
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Melissa C Pearcy Week 5 IND A) Entry for cash received from sales Cash 3000000 Sales 3000000 Entry for warranty expenses Warranty Expense 20,000 Cash
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Unformatted text preview: 20,000 Warranty expense 100,000 Estimated Liability under warranties 100000 B) Cash 3,000,000 Sales 2,850,000 unearned warranty revenue 150,000 Entry for warranty expenses warranty expenses 20,000 cash 20,000 Unearned warranty Revenue 25000 warranty revenue 25000...
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This note was uploaded on 09/11/2009 for the course ACC 362 taught by Professor Wormer during the Spring '07 term at University of Phoenix.

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E13-7 & 11 - 20,000 Warranty expense 100,000 Estimated...

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