Business, 16.12.2019 20:31 deisyy101

On september 1, home store sells a mower (that costs $250) for $550 cash with a one-year warranty that covers parts. warranty expense is estimated at 7% of sales. on january 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the repair parts inventory. prepare the september 1 entry to record the mower sale (and cost of sale) and the january 24 entry to record the warranty repairs. (round your answers to 2 decimal places.)

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On september 1, home store sells a mower (that costs $250) for $550 cash with a one-year warranty th...

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