Prepare journal entries to record the sale of the printers

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Reference no: EM13523462

The Sanchez Company sold 400 printers in 2002 for $2000 apiece, together with a one-year warranty. Maintenance on each printer during the warranty period averages $115.

Instructions: Prepare the journal entries to record the sale of the printers and the related warranty cost, assuming that the accrual method is used. Actual warranty costs for 2002 were $8,500.

Reference no: EM13523462

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