{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

chapter13 - E13-17 1 Sale Product warranty Warranty expense...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
E13-17 Sale 2000000 1 Product warranty Warranty expense 80000.00 Estimated warranty liability Estimated warranty liability 30800.00 Cash 2 Asset Impairment bad debt expense 40000.00 allowance for uncollectible accounts 3 Litigation Loss-litigation 1500000.00 Liability-litigation 4 No entry 5 Product recall Loss-product recall 500000.00 Liability-product recall 6 Premium Promotional expense 250000.00 Estimated premium liability Estimated premium liability 105000.00 Cash
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
whether disclosure YES 80000.00 30800.00 YES 40000.00 YES 1500000.00 NO YES 500000.00 YES 250000.00 105000.00
Image of page 2
P13-2 Sep. 05 Oct. 01 Short term notes payable Cash Notes payable Dec Refundable diposit Cash Liability-refundable deposits Dec Collections for Third Parties Accounts receivable Sale revenue Sale taxes payable Dec. 31 Accrued interset Interest expense interest payable Feb Bonds Cash Bonds payable Feb Repay the note Interest payable Interest expense Notes payable Cash Mar. Refundable diposit return Liability-refundable deposits Cash 2 Trade accounts payable 252000.00 Accounts payable Current portion of bank loan Liability-refundable deposits Sale taxes payable Accrued interset payable Total current liabilities
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern