Wildcat Computers Sells All of Its Computers for $2,500 Each

question 1

Essay

Wildcat Computers sells all of its computers for $2,500 each. During the month of February Wildcat sold 20 computers. It is estimated that the warranty expense is 2% of gross sales. Wildcat spent $100 in cash and $150 in parts repairing computers for this month.
Required: Prepare the journal entries to record the sale, record the estimated warranty expense, and record the warranty repairs.

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Definitions:

Deep Focus

A cinematic technique that keeps objects in both the foreground and background in sharp focus simultaneously, often used to enhance storytelling.

Baroque Mise-en-scene

A style of filmmaking characterized by elaborate, detailed, and highly decorative visual compositions that enhance the narrative.

Low-light Interior

Photography or cinematography that takes place in interiors where there is minimal lighting.

Leonard Cohen

A Canadian singer-songwriter, poet, and novelist known for his deep voice and poetic lyrics.