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Prepare entries to record 1 the sale of the copiers and 2

Question - Soundgarden Company sold 181 color laser copiers in 2014 for $4,270 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $356.

Prepare entries to record (1) the sale of the copiers and (2) the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2014 were $21,110.

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Accounting Basics: Prepare entries to record 1 the sale of the copiers and 2

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