Chp 6 problems Sheet1

On june 30 bowman paid 39200 on her account and was

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Unformatted text preview: nty period. When customers request a +re repair under the warranty agreement, each visit costs an average of $20 in parts and labor. The company sold 600 +res during the year. Make the journal entry necessary to record warranty expense for the year. PE 6 ­19 Repairs under Warranty Refer to the data in PE 6 ­18. Assume that during the following year, 20 customers bring in 80 +res for warranty repairs. The labor and supplies associated with these repairs were $900 and $350, respec+vely. Make the journal entry necessary to record the performance of these warranty services. E 6 ­25 Recording Sales Transac+ons One June 24th, 2012, Sudweeks Company sold merchandise to Brooke Bowman for 470,000 with terms 2/10, n/30. On June 30, Bowman paid $39,200 on her account and was allowed a discount for the +mely payment. On July 20, Bowman paid $21,000 on her account and returned 49,0...
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