The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company received $12,000 for the extended warranties for four years. The monies were received on June 30th, 2022. The company's year uses the calendar for its business year. What was the journal entry made on July 30th, 2022? What is the journal entry that the company will prepare on December 31st, 2022? What was the journal entry on January 10th for $1,500 of parts used to meet the warranty requirements? DR Warranty Revenue 5,000 CR Unearned Warranty Revenue 5,000 : Choose... Choose... :

The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company received $12,000 for the extended warranties for four years. The monies were received on June 30th, 2022. The company's year uses the calendar for its business year. What was the journal entry made on July 30th, 2022? What is the journal entry that the company will prepare on December 31st, 2022? What was the journal entry on January 10th for $1,500 of parts used to meet the warranty requirements? DR Warranty Revenue 5,000 CR Unearned Warranty Revenue 5,000 : Choose... Choose... :

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14EA: Arvan Patel is a customer of Banks Hardware Store. For Mr. Patels latest purchase on January 1,...

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