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Business, 23.01.2020 18:31 natorihill629

Early in 2017, sheryl crow equipment company sold 500 rollomatics during 2017 at $6,000 each. during 2017, crow spent $20,000 servicing the 2-year assurance warranties that accompany the rollomatic. all applicable transactions are on a cash basis. prepare 2017 entries for crow assuming that the warranties are not an integral part of the sale (a service-type warranty). assume that of the sales total, $56,000 relates to sales of warranty contracts. crow estimates the total cost of servicing the warranties will be $55,000 for 2 years. estimate revenues to be recognized on a straight-line basis. (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. round intermediate calculations to 5 decimal places, e. g. 1.54657 answers to 0 decimal places, e. g. 5,125.)

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Early in 2017, sheryl crow equipment company sold 500 rollomatics during 2017 at $6,000 each. during...
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