Business, 31.05.2020 05:02, leannaadrian

Bonita Company sold 202 color laser copiers on July 10, 2020, for $4,270 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $331. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $17,150.

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Bonita Company sold 202 color laser copiers on July 10, 2020, for $4,270 apiece, together with a 1-y...