The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company received $12,000 for the extended warranties for four years. The monies were received on June 30th, 2022. The company's year uses the calendar for its business year. What was the journal entry made on July 30th, 2022? What is the journal entry that the company will prepare on December 31st, 2022? What was the journal entry on January 10th for $1,500 of parts used to meet the warranty requirements? DR Warranty Revenue 5,000 CR Unearned Warranty Revenue 5,000 : Choose... Choose... :

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 12PA
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The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company received $12,000 for the
extended warranties for four years. The monies were received on June 30th, 2022. The company's year uses the calendar
for its business year.
What was the journal entry made on July 30th, 2022?
What is the journal entry that the company will prepare on December 31st, 2022?
What was the journal entry on January 10th for $1,500 of parts used to meet the warranty
requirements?
DR Warranty Revenue 5,000 CR Unearned Warranty Revenue 5,000 :
Choose...
Choose...
Ə
t
Transcribed Image Text:The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company received $12,000 for the extended warranties for four years. The monies were received on June 30th, 2022. The company's year uses the calendar for its business year. What was the journal entry made on July 30th, 2022? What is the journal entry that the company will prepare on December 31st, 2022? What was the journal entry on January 10th for $1,500 of parts used to meet the warranty requirements? DR Warranty Revenue 5,000 CR Unearned Warranty Revenue 5,000 : Choose... Choose... Ə t
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