Bramble Company sells automutic can openers under a 75-day warranty for defective merchand Based on past experienos Bram

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Bramble Company Sells Automutic Can Openers Under A 75 Day Warranty For Defective Merchand Based On Past Experienos Bram 1 (28.81 KiB) Viewed 34 times

Bramble Company Sells Automutic Can Openers Under A 75 Day Warranty For Defective Merchand Based On Past Experienos Bram 2 (31.75 KiB) Viewed 34 times

Bramble Company Sells Automutic Can Openers Under A 75 Day Warranty For Defective Merchand Based On Past Experienos Bram 3 (30.75 KiB) Viewed 34 times

Bramble Company Sells Automutic Can Openers Under A 75 Day Warranty For Defective Merchand Based On Past Experienos Bram 4 (29.91 KiB) Viewed 34 times

Bramble Company sells automutic can openers under a 75-day warranty for defective merchand Based on past experienos Bramble estimates that 4% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is $20. The units sold and units defective that occurred during the last months of 2022 are as follows Manth ctri November December (a) 6 tab on T KY H → C M Units Sold Units Defective Prior to December 31 36,800 1 38,800 2 Q W A N S 3 736 485 S 4 E R aft D 20 X C 5 F T V 6 G Y hp B 00 H

Yourt amwt is partiallycornect, Prepare the journal entry to record the costs incurred in honoring 1,221 warranty claims Assume actual costs of $24.420) (Credit account tites are outomatically indented when amount is entered Do not indent manually) ccount Titles and Explanation Way Exp shin t ctri Warranty by eTextbook and Media CARE ROCK 13 . fr 7 7 2 A # N K S. 3 Q W E R X s E A D Wit % C in 5 F LL Debit in T V 6 hp B Y 7 B H

Prepare the journal entry to record the warranty liability at December 31 for the units sold in November and December (Credit account tities are automatically Indented when amount is entered Do not Indent manually) Account Titles and Explanation Tan Warranty Liability T Repair Parts eTextbook and Media ist of Accounts 41 CAP Nick 1 DE 1 2 Q www A 2 Z W W # S 3 X E 5 D R 70 C 5 F LL Debit T 6 G Y B hp N H U

(c) Give the entry to record the honoring of 500 warranty contracts in January at an average cost of $20. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account litles and Explanation tab ctri shift T eTextbook and Media CAN OOK je H . fo 17 1 2 A Q W E N #1 # 3 S X O A -4 S D N R 5 F LL Debat t C V 6 G (₂) Y 00 H L