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Yummy sold $689,000 of consumer electronics during July under a one year warranty. The cost...

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Yummy sold $689,000 of consumer electronics during July under a one year warranty. The cost to repair defects under the warranty is estimated at 6.5% of the sales price. On November 10th a customer was given $184 cash under terms of the warranty.

A.) Provide the journal entry for the estimated warranty expense on July 31st for July sales. If an amount Box does not require an entry leave a blank.

B.) Provide the journal entry for the November 10th cash payment. If an amount Box does not require an entry leave a blank

Yummy sold $689,000 of consumer electronics during July under a one-year warranty. The cost to repair defects under the warranty is estimater of the sales price. On November 10 , a customer was given $184 cash under terms of the warranty. (a) Provide the journal entry for the estimated warranty expense on July 31 for July sales. If an amount box does not require an entry, leave it July 31 (b) Provide the journal entry for the November 10 cash payment. If an amount box does not require an entry, leave it blank. Nov. 10

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