shalz990
Apr 3, 2012, 12:06 AM
2009 2008 207
Net Revenues $95,758 $103630 $98786
Standard warranty liability, end of year 316 358 412
Settlements made during the year 406 460 607
Extended warranty deferred revenue, end of year 665 589 409
Additions to extended warranty deferred revenue 283 335 331 during the year
Compute the amount of warranty expense for 2008 and 2009
Journal entries for warranty expense for 2009 and the payments made under the warranty during the year.
Net Revenues $95,758 $103630 $98786
Standard warranty liability, end of year 316 358 412
Settlements made during the year 406 460 607
Extended warranty deferred revenue, end of year 665 589 409
Additions to extended warranty deferred revenue 283 335 331 during the year
Compute the amount of warranty expense for 2008 and 2009
Journal entries for warranty expense for 2009 and the payments made under the warranty during the year.