Self-checkout @ a grocery store is an example of a customer participation in service delivery.
Hope this helps!!!
Answer:
1.Dr Cash 25,000
Cr Sales revenue 25,000
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3.Journal entry for actual warranty expense
Dr Warranty liability 500
Cr Cash 500
Explanation:
Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.
1.Dr Cash 25,000
Cr Sales revenue 25,000
(50*500)
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3. Dr Warranty liability 500
Cr Cash 500
I believe the answer is: Greater
For example, let's say that there is a company that make vehicles with no pollutant for the environment.
The government in this situation might provide the company with incentives with the reason that the amount of incentive is smaller compared to the amount of expense that the government had to spend to fix the damage to the environment.
