Berikut ini adalah pertanyaan dari grogeriuswiliardo pada mata pelajaran Akuntansi untuk jenjang Sekolah Menengah Atas
customers. With sales being made evenly throughout the year, the company sells 600 machines in 2014
(warranty costs are incurred half in 2014 and half in 2015). As a result of product testing, the company
estimates that the warranty cost is $390 per machine ($170 parts and $220 labor).
Instructions
(a) Assuming that actual warranty costs are incurred exactly as estimated, what journal entries would
be made in 2014 and 2015?
(b) What amount, if any, is disclosed in the statement of financial position as a liability for warranty
costs as of December 31, 2014?
Jawaban dan Penjelasan
Berikut ini adalah pilihan jawaban terbaik dari pertanyaan diatas.
Jawaban:
Cash4,440,000Sales Revenue (600 x $7,400)4,440,000Warranty Expense ({600 x $390} / 2)117,000Inventory ({$170 x 600} / 2)51,000Salaries and Wages Payable ({$220 x 600} / 2)66,000(b)Warranty accrual on December 31, 2017.Warranty Expense117,000Warranty Liability ({600 x $390} / 2)117,000(c)Warranty costs incurred in 2018.Warranty Expense ({600 x $390} / 2)117,000Inventory ({$170 x 600} / 2)51,000Salaries and Wages Payable ({$220 x 600} / 2)66,000(d)What amount, if any, is disclosed in the balance sheet as a liability for future warranty costs asof December 31, 2017?The balance sheet would disclose a current liability (Warranty Liability) in the amount of $117,000.
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Last Update: Sun, 06 Jun 21