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company B remitted HST owing to the government date description DR CR warranty 1. Company...

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Accounting

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company B remitted HST owing to the government date description DR CR warranty 1. Company A sold 10000 items at a cost of $10 each. On average 3% are returned under warranty. a) Prepare the journal entry to record the estimated warranty expense for the year. (b)Prepare the journal entry to record the repairs made to 150 machines at the average cost of, S5 for parts per unit and $10 in labour sold 10000 x $10 = 3 % = D returned under warranty 10000 X cost to repair items under warranty Parts Labour total per unit units returned estimtated warranty units cost of warranty Prepare the journal entry to record the estimated warranty expense for the year. description DR date date (b)Prepare the journal entry to record the repairs made to 150 machines at the average cost of $5 for parts per unit and so mnou description DR

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