3 years ago

How can the military support your career goals

Business

1 answer:

Setler [38]3 years ago

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Answer:

you can get money to further your education, also engage in stem activities.

Explanation:

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Answer:

1.Warranty expense

$ 750

2.Estimated warranty liability

$ 750

3. Warranty Expense $ 0

Estimated warranty liability

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5. Hitzu Co. Journal entries

Aug 16

Dr Cash 15,000

Cr Sales 15,000

Aug 16

Dr Cost of goods sold 7500

Cr Merchandise inventory 7500

Dec 31

Dr Warranty expense 750

Cr Estimated Warranty liability 750

Dec 31

Dr Estimated warranty liability 124

Cr Repair part inventory 124

Explanation:

Warranty expense 5% of dollar sales

= 5% × $15,000 = $750.

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