Ecco Company sold $123,000 of kitchen appliances with six-month warranties during September. The cost to...
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Accounting
Ecco Company sold $123,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 9% of the sales price. On October 15, a customer required a $140 part replacement, plus $87 tabor under the warranty, a. Journalize the entry for the estimated expense on September 30. If an amount box does not require an entry, leave it blank. b. Journalize the entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank
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