On September 11, 2016, Home Store sells a mower for $600 cash with a one-year...
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Accounting
On September 11, 2016, Home Store sells a mower for $600 cash with a one-year warranty that covers parts. Warranty expense is estimated at 9% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $42 in materials taken from the Repair Parts Inventory. Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the mower sales. Note: Enter debits before credits. Date General Journal Debit Credit Sep 11, 2016
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