Solution-Provide the journal entry for estimated warranty

Provide the journal entry for estimated warranty expense

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Reference no: EM132795008

Problem - Cook-Rite Co. sold $140,000 of kitchen appliances during August under a six-month warranty. The cost to repair defects under the warranty is estimated at 6% of the sales price. On September 12, a customer required a $200 part replacement plus $90 of labor under the warranty. Provide the journal entry for (a) the estimated warranty expense on August 31 for August sales and (b) the September 12 warranty work.

Reference no: EM132795008

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Provide the journal entry for estimated warranty expense

Reference no: EM132795008

Reference no: EM132795008

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