On Janary 2,2025, Sunland Company sells production equipment to Bramble Inc. for $54,000. Sunland includes...
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On Janary Sunland Company sells production equipment to Bramble Inc. for $ Sunland includes a year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January During Sunland incurs costs related to warranties of $ At December Sunland estimates that $ of warranty costs will be incurred in the second year of the warranty. a Prepare the journal entry to record this transaction on January and on December assuming financial statements are prepared on December Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit 
On Janary Sunland Company sells production equipment to Bramble Inc. for $ Sunland includes a year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January During Sunland incurs costs related to warranties of $ At December Sunland estimates that $ of warranty costs will be incurred in the second year of the warranty.
a
Prepare the journal entry to record this transaction on January and on December assuming financial statements are prepared on December Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
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