A Company Sells Personal Computers,with an Included Two-Year Warranty for $2,300

A company sells personal computers,with an included two-year warranty for $2,300 each.During the current year,the company sells 400 computers.On the basis of past experience,the warranty costs are estimated to be $250 per computer.The actual warranty costs (paid in cash) by the company during the current year were $65,000.Prepare general journal entries to record the
(a) estimated warranty expense and
(b) warranty repair costs during current year.

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a. _TB6947_00_TB6947...

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