Exercise 13-10 Your answer is partially correct. Try again. Soundgarden Company

Question

Exercise 13-10 Your answer is partially correct. Try again. Soundgarden Company sold 200 color laser coplers on July 10, 2017, for $4,000 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $330. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $17,000. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jul.10, 2017 sh 800000 Sales Revenue During 2017 I arranty Expense 17000 Dec 201 7 ranty Expense Warranty Liability 49000 Click if you would like to Show Work for this question: Open Show Work SHoW LISI

Explanation / Answer

Date Account titles Debit Credit During 2017 Warranty expenses 17000 Inventory 17000

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