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

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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
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whether disclosure YES 80000.00 30800.00 YES 40000.00 YES 1500000.00 NO YES 500000.00 YES 250000.00 105000.00
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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
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This note was uploaded on 04/25/2010 for the course 3 3 taught by Professor 3 during the Spring '10 term at American College of Gastroenterology.

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

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