QS 9-9 Recording warranty repairs LO P4 On September 1, Home Store sells a mower...
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QS 9-9 Recording warranty repairs LO P4 On September 1, Home Store sells a mower (that costs $140) for $440 cash with a one-year warranty that covers parts. Warranty expense is estimated at 11% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $31 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.) Chapter 9 Homework Saved Help Save & Exit Check my View transaction list 2.5 points Journal entry worksheet eBook Record the mower sales. References Note: Enter debits before credits Date General Journa Debit Credit Sep 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cost of mower sales. ences Note: Enter debits before credits. Date General Journal Debit Credit Sep 01 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet 23 Record the cost of warranty repairs. Note: Enter debits before credits Date General Journ Debit Credit Jan 24 Record entry Clear entry View general journal
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