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Early in 2022, Sheryl Martin Equipment sold 540 Rollomatics at €6,480 each

Finance

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Early in 2022, Sheryl Martin Equipment sold 540 Rollomatics at €6,480 each. During 2022, Martin spent €21,600 from Cash,Supplies, Wages Payable servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.

 

 

Prepare 2022 entries for Martin. Assume that Martin estimates the total cost of servicing the warranties will be €59,400 for the 2 years. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

 

Date Account Titles and Explanation Debit Credit

choose a transaction date                                                                       

At Sale

During 2022

Dec. 31, 2022

 

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

 

choose a transaction date                                                                    

At Sale

During 2022

Dec. 31, 2022

 

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

                                                                       

At Sale

During 2022

Dec. 31, 2022

 

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount