Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 305 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 10.00

Willy Randolph Corpora

Willy Randolph Corporation sells portable computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2008 the corporation sells for cash 300 computers at a unit price of $3,500. On the basis of past experience, the 2-year warranty costs are estimated to be $155 for parts and $185 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2008.) The warranty is not sold separately from the computer.

Instructions
(a) Record any necessary journal entries in 2008, applying the cash basis method.
(b) Record any necessary journal entries in 2008, applying the expense warranty accrual method.
(c) What liability relative to these transactions would appear on the December 31, 2008, balance sheet, and how would it be classified if the cash basis method is applied?
(d) What liability relative to these transactions would appear on the December 31, 2008, balance sheet, and how would it be classified if the expense warranty accrual method is applied?
In 2009 the actual warranty costs to Willy Randolph Corporation were $21,400 for parts and $24,900 for labor.
(e) Record any necessary journal entries in 2009, applying the cash basis method.
(f) Record any necessary journal entries in 2009, applying the expense warranty accrual method.

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Jul 2017 08:07 AM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)