Mac’s Auto Repairs Pty Ltd provides a 3-month warranty for repairs. Mac’s Auto Repairs estimates its warranty liabilities as 4% of the service…

Published by admin at November 14, 2023

Tags

Mac’s Auto Repairs Pty Ltd provides a 3-month warranty for repairs. Mac’s Auto Repairs estimates its warranty liabilities as 4% of the service revenue for the preceding quarter. For the 3 months from April to June, Mac’s Auto Repairs’ service revenue was $250 000. The Warranty Provision account has a credit balance of $700. Prepare the adjusting entry to record the warranty provision at 30 June.

Mac’s Auto Repairs Pty Ltd provides a 3-month warranty for repairs. Mac’s Auto Repairs estimates its warranty liabilities as 4% of the service…

"Get 15% discount on your first 3 orders with us" Use the following coupon FIRST15

Related posts

a running track measures 1056 ft per lap. to run 15.0 km how many laps should you run? How do you break the equation down into a solution map?

A local magic shop has a monopoly on the production of magic wands. Each customer wants only one magic wand, and the table below shows each…

A machine produces pipes used in airplanes. The average length of the pipe is 16 inches. The acceptable variance for the length is .3 inches. A…

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15