Business, 23.10.2019 18:00, rachampt76

Early in 2019, sheryl crow equipment sold 500 rollomatics during 2019 at €6,000 each. during 2019, crow spent €20,000 servicing the 2-year assurance warranties that accompany the rollomatic. all applicable transactions are on a cash basis. a. prepare 2019 entries for crow. assume that crow estimates the total cost of servicing the warranties will be €55,000 for 2 years. b. prepare 2019 entries for crow assuming that the warranties are not an integral part of the sale (a service-type warranty). assume that of the sales total, €56,000 relates to sales of warranty contracts. crow estimates the total cost of servicing the warranties will be €55,000 for 2 years. estimate revenues to be recognized on a straight-line basis.

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Early in 2019, sheryl crow equipment sold 500 rollomatics during 2019 at €6,000 each. during 2019, c...