Soundgarden Company sold 247 color laser copiers in
Soundgarden Company sold 247 color laser copiers in 2014 for $4,810 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $370.
Prepare entries to record (1) the sale of the copiers and (2) the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2014 were $17,910. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)