Headland Company sold 202 color laser copiers on July 10, 2025, for $4,270 apiece, together with a 1-year warranty. Maintenance oneach copier during the warranty period is estimated to be $331.Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2025. Actual warrantycosts (inventory) incurred in 2025 were $17,150. (If no entry is required, select "No Entry for the account titles and enter 0 for the amountsCredit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in theproblem statement. List all debit entries before credit entries.)DateJul 10, 2025Account Titles and ExplanationCashSales Revenue(To record sales)Debit862540Credit8625SUPPORT Preparestorecruesae preuwarywaranycosts (inventory) incurred in 2025 were $17,150. Of no entry is required, select "No Entry for the account titles and enter Ofor the amountsCredit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in theproblem statement. List all debit entries before credit entries)DateJul, 10, 2025During 2025Dec 31, 2025Account Titles and ExplanationCashSales Revenue(To record sales)Warranty ExpeDes RevInventory(To record payment for warranty costs incurredWarranty ExpeWarranty LabyIT strated warranty expeme and warrantyDebit862540Credit3625UUSUPPORT

Headland Company sold 202 color laser copiers on July 10, 2025, for $4,270 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $331. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2025. Actual warranty costs (inventory) incurred in 2025 were $17,150. (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. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) Date

Headland Company sold 202 color laser copiers on July 10, 2025, for $4,270 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $331. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2025. Actual warranty costs (inventory) incurred in 2025 were $17,150. (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. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) Date

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 10E

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