Shamrock Company sells a machine for $7,920 with a 12-month warranty agreement that requires the...
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Shamrock Company sells a machine for $ with a month warranty agreement that requires the company to replace all defective parts and to provide the repair labor at no cost to the customers. With sales being made evenly throughout the year, the company sells machines in warranty expense is incurred half in and half in As a result of product testing, the company estimates that the total warranty cost is $ per machine $ parts and $ labor Assuming that actual warranty costs are incurred exactly as estimated, what journal entries would be made relative to the following facts? Use "Inventory" account to record the parts portion of the warranty expense. a Sale of machinery and warranty expense incurred in If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Account Titles and Explanation Debit Credit To record sale 
Shamrock Company sells a machine for $ with a month warranty agreement that requires the company to replace all defective parts and to provide the repair labor at no cost to the customers. With sales being made evenly throughout the year, the company sells machines in warranty expense is incurred half in and half in As a result of product testing, the company estimates that the total warranty cost is $ per machine $ parts and $ labor
Assuming that actual warranty costs are incurred exactly as estimated, what journal entries would be made relative to the following facts? Use "Inventory" account to record the parts portion of the warranty expense.
a
Sale of machinery and warranty expense incurred in If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.
Account Titles and Explanation
Debit
Credit
To record sale
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