A Company Sells Personal Computers,with an Included Two-Year Warranty for $2,300

question 64

Essay

A company sells personal computers,with an included two-year warranty for $2,300 each.During the current year,the company sells 400 computers.On the basis of past experience,the warranty costs are estimated to be $250 per computer.The actual warranty costs (paid in cash) by the company during the current year were $65,000.Prepare general journal entries to record the
(a) estimated warranty expense and
(b) warranty repair costs during current year.

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Definitions:

Agency

In Burke’s dramatistic analysis, the means by which an act takes place.

Rhetorical Analyses

The examination and interpretation of texts, images, or other media to understand how they persuade or convey messages.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication.

Marxist Criticism

A lens of literary critique that views texts through the socio-economic forces that shape society, focusing on class struggle and disparities.