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  3. 5. keaubie co. sells 800 computers at a price of $

5. Keaubie Co. sells 800 computers at a price of $750.00 each. The selling price...

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Accounting

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5. Keaubie Co. sells 800 computers at a price of $750.00 each. The selling price includes a warranty (1 year) on parts. Keauble expects that 3.5% of the computers will be defective and that warranty repair costs will be $110 per unit. Complete the following: a. Journalize the sale (assume a 8.5% sales tax rate) b. Estimate, and then journalize the warranty liability. 6. During the year, Keaubie honored 12 warranty contracts. Prepare the adjusting entry. 7. Journalize the payment of sales tax by Rouxdy Co. (#3). 8. On May 1, Charlie Co. sold 12,000 yearly subscriptions of its monthly magazine to customers for $40 each. On June 1, customers received their first subscription of the magazine. Prepare the journal entries for May 1 and June 1

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