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On September 1, Home Store sells...

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Accounting

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On September 1, Home Store sells a mower (that costs $130) for $430 cash with a one-year warranty that covers parts. Warranty expense is estimated at 10% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $30 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 2 3 4 Record the mower sales. Note: Enter debits before credits General Journal Debit Credit Date Sep 01 Journal entry worksheet Record the cost of mower sales. Note: Enter debits before credits General Journal Debit Credit Date Sep 01 Juur di entry worksheet

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