Ecco Company sold $125,000 of kitchen appliances with 6 -month warranties...
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Accounting
Ecco Company sold $125,000 of kitchen appliances with 6 -month warranties during September. The cost to repair defects under the warranty is estimated at 8% of th saies price. On October 15, a customer required a $200 part replacement, plus $84 labor under the warranty. a. Provide the journal entry for the estimated expense on September 30. If an amount box does not require an entry, leave it biank. b. Provide the journal entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank
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