question archive (a) Show the general journal entries to record the services/reconditioning for the year, and to establish the provision for warranty at 30 June 2021
(a) Show the general journal entries to record the services/reconditioning for the year, and to establish the provision for warranty at 30 June 2021
Subject:AccountingPrice: Bought3
(a) Show the general journal entries to record the services/reconditioning for the year, and to establish the provision for warranty at 30 June 2021. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2021 June 30 (To record sales for year 2021) June 30 (To provide for future warranty costs) Service revenue Reconditioning revenue Provision for warranty Cash at bank/accounts receivable Warranty expense (b) Show the general journal entries to record sales and the actual warranty costs incurred during the year ended 30 June 2022.(Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) + Date Account Titles and Explanation Debit Credit 2022 June 30 (To record sales for year 2022) June 30 (To record warranty costs) Reconditioning revenue Service revenue Cash at bank Provision for warranty Warranty expense (c) Show the general journal entry to adjust the provision for warranty at 30 June 2022. (Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit June 30 (To adjust provision for future warranty costs) Provision for warranty Service revenue Cash at bank/accounts receivable Reconditioning revenue Warranty expense
