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Prepare entries to record the sale of the copiers

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Question - Crane Company sold 188 color laser copiers on July 10, 2017, for $3,840 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $353.

Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $15,420.

Reference no: EM132187459

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