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A company sells computers with a 6-month warranty. In January, the company sold 100,000 computers at $1,750 each; and 1,500 computers were turned in for repairs during that same month. The total repairs amounted to $185,000 costs from the computer parts inventory. It is estimated that 2% of all units sold will need repairs under warranty at an estimated cost of $200 per unit. Prepare the journal entries to record (a) estimated warranty expense for January and (b) warranty repair costs for January.
Sex
The biological components—chromosomal, chemical, and anatomical—that are associated with males and females.
Gender
A social construct that refers to a set of social roles, attitudes, and behaviours that describe people of different sexes.
Matriarchal Society
A society or organization wherein female leaders predominate, particularly in terms of social power and authority.
Functional Society
A society that operates effectively due to the well-structured interrelation of its institutions and practices meeting the needs of its members.
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