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Marina CMI [18]
3 years ago
15

New Age Computers manufactures and sells pagers and radio paging systems which include a 180 day warranty on product defects. It

also sells an extended warranty which provides an additional two years of protection. On May 10, it sold a paging system for $4,500 and an extended warranty for another $1,400. The journal entry to record this transaction would include:
Business
1 answer:
alukav5142 [94]3 years ago
7 0

Answer:

Given that,

sold a paging system = $4,500

Sold extended warranty = $1,400

The journal entry to record this transaction would include:

(i) cash account Dr. $4,500

       To Sales A/c                 $4,500

(To record the sales)

(ii) Cash A/c Dr. $1,400

       To Unearned revenue A/c $1,400

(To record the service revenue)

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Answer:

$102

Explanation:

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3 years ago
In 2010, Norbert Incorporated bought a new tooling machine for $45,000. Norbert estimated that the machine had a useful life of
Norma-Jean [14]

Answer:

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replacing;

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New net book value=acquisition cost-accumulated depreciation+overhaul cost

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New depreciation base=new machine value-salvage value

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replacing;

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3 0
3 years ago
Imagine you are experiencing a major conflict in your place of work. The team with which you are working at the time has split i
CaHeK987 [17]

Answer:

Compromising and collaborating are the strategies that should be used.

Explanation:

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