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Prepare entries to record the sale of the copiers

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Question - Ivanhoe Company sold 195 color laser copiers on July 10, 2017, for $3,620 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $302.

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 $16,910.

Reference no: EM131643320

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