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Business, 12.02.2021 06:40 100738

4.On September 1, Carolina Electronics Company has 1,000 Blu-ray players ready for sale. On October 1, 900 are sold at $125 each with a 1-year warranty. Carolina estimates that the warranty cost on each Blu-ray player sold will probably average $10 per unit. During the final 3 months of the year, Carolina incurred warranty costs of $4,000 and in the next year warranty costs were $5,000. Prepare the journal entries for the preceding transactions. Show how the preceding items would be reported on the December 31 balance sheet.

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4.On September 1, Carolina Electronics Company has 1,000 Blu-ray players ready for sale. On October...
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