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Unformatted text preview: sales) and any aspects of the warranty that should be recorded during 2006. 3. What amount should Cupola report as a liability at December 31, 2006? 1. Yes 2. 2006 Sales Accounts receivable 5,319,000 Sales 5,319,000 Accrued liability and expense Warranty expense 79,785 Estimated warranty liability 79,785 Actual expenditures Estimated warranty liability 19,946 Cash, wages payable, parts and supplies, etc. 19,946 3. The liability at December 31, 2006 = $ 59,839...
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This note was uploaded on 03/30/2010 for the course COB ACCY 202 taught by Professor Shapland during the Spring '10 term at University of Illinois, Urbana Champaign.
- Spring '10