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Bridgeport Company sold 196 color laser copiers on July 10, 2020, for $3,670 apiece, together...

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Accounting

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Bridgeport Company sold 196 color laser copiers on July 10, 2020, for $3,670 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $301. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2020. Actual warranty costs (inventory) incurred in 2020 were $17,380. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

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