Ecco Company sold $150,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 7% of the sales price. On October 15, a customer required a $200 part replacement, plus $84 labor under the warranty. a. Journalize the entry for the estimated expense on September 30. If an amount box does not require an entry, leave it blank. fill in the blank 068e4ff7d019fb4_2 fill in the blank 068e4ff7d019fb4_3 fill in the blank 068e4ff7d019fb4_5 fill in the blank 068e4ff7d019fb4_6 b. Journalize the entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank.
Ecco Company sold $150,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 7% of the sales price. On October 15, a customer required a $200 part replacement, plus $84 labor under the warranty. a. Journalize the entry for the estimated expense on September 30. If an amount box does not require an entry, leave it blank. fill in the blank 068e4ff7d019fb4_2 fill in the blank 068e4ff7d019fb4_3 fill in the blank 068e4ff7d019fb4_5 fill in the blank 068e4ff7d019fb4_6 b. Journalize the entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ecco Company sold $150,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 7% of the sales price. On October 15, a customer required a $200 part replacement, plus $84 labor under the warranty.
a.
| fill in the blank 068e4ff7d019fb4_2 | fill in the blank 068e4ff7d019fb4_3 | ||
| fill in the blank 068e4ff7d019fb4_5 | fill in the blank 068e4ff7d019fb4_6 |
b. Journalize the entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank.
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