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... :

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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