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    kdraper's Avatar
    kdraper Posts: 1, Reputation: 1
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    #1

    Apr 29, 2012, 12:13 AM
    Exercise 10-20 (Algorithmic) Accrued Product Warranty
    Accrued Product Warranty

    Harbour Company disclosed estimated product warranty payable for comparative years as follows:
    12/31/11 12/31/10
    Current estimated product warranty payable $11,657 $11,177
    Noncurrent estimated product warranty payable 7,091 6,249
    Total $18,748 $17,426

    Harbour's sales were $137,486 in 2010 and increased to $151,908 in 2011. Assume that the total paid on warranty claims during 2011 was $12,018.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Apr 29, 2012, 04:10 AM
    Quote Originally Posted by kdraper View Post
    Accrued Product Warranty

    Harbour Company disclosed estimated product warranty payable for comparative years as follows:
    12/31/11 12/31/10
    Current estimated product warranty payable $11,657 $11,177
    Noncurrent estimated product warranty payable 7,091 6,249
    Total $18,748 $17,426

    Harbour's sales were $137,486 in 2010 and increased to $151,908 in 2011. Assume that the total paid on warranty claims during 2011 was $12,018.
    And the question?
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