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shusha [124]
3 years ago
9

On December 1, Bruney Company introduces a new product that includes a one-year warranty on parts. In December, 1,000 units are

sold. Management believes that 5% of the units will be defective and that the average warranty costs will be $90 per unit.
Required:
Prepare the adjusting entry at December 31 to accrue the estimated warranty cost, assuming no warranty claims have been honored to date.
Business
1 answer:
dsp733 years ago
3 0

Answer:

Dr Warranty Expense 4,500

Cr Warranty liability 4,500

Explanation:

Preparation of the journal entry at December 31

Based on the information given we were told that the company new product 1,000 units were sold in December in which the Management of the company think that 5% of the units sold will be damaged and that the warranty costs will be the amount of $90 per unit which means that the adjusting journal entry at December 31 in order to accrue the estimated warranty cost will be recorded as:

Dr Warranty Expense 4,500

(1,000x 90x 5%)

Cr Warranty liability 4,500

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Answer:

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Explanation:

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Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires
vekshin1

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A) Roasters delivers the goods to Speedy

Explanation:

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Read 2 more answers
Instructions: Following programs has some errors. Locate as many as you can.
lbvjy [14]

Answer:

#include <iostream>

using namespace std;

int main()

{

   double number1, number2, sum;

   cout<<"Enter a number: ";

   

   cin >> number1;

   

   cout<<"Enter another number: ";

   

   cin >> number2;

   sum = number1 + number2;

   

   cout <<"The sum of two numbers is "<< sum <<endl;

   return 0;

}

Explanation:

The correct program can be seen above.

You need to add  #include <iostream> and using namespace std; before your main function. Other issues are following;

Line 4, 5, 6, 7, 9 -> cout and cin must start with a lowercase letter

Line 5 -> cin >> number1;

Line 7 -> cin >> number2;

Line 8 -> sum = number1 + number2;

Line 9 -> cout << "The sum of two numbers is " << sum << endl;

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Answer:

Explanation:

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