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    shalz990's Avatar
    shalz990 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 3, 2012, 12:06 AM
    How to compute a warranty expense
    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.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Apr 3, 2012, 01:04 AM
    It is usually computed as a percentage of sales can't do computations as your numbers show up as skype numbers
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