Journal entries for warranty repairs

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Reference no: EM1310929

Journal entries for warranty repairs.

1.(2/10/2009) Paid $12,350 for warranty repairs originally accrued in 2008.

Date	Account Titles	Debit	Credit

2.(2/12/2009) Invested $53,200 cash in the common stock of Bullinger Company (a 4% interest). Goochland hopes to sell the stock in the near future at a gain.

Date	Account Titles	Debit	Credit

3.(3/9/2009) Received the quarterly dividend of $1,450 from the investment in Bullinger Company referenced in Transaction 2 above.

Date	Account Titles	Debit	Credit

4. (2/16/2009) Paid $14,200 for Miscellaneous Business Expenses.

Date	Account Titles	Debit	Credit

Reference no: EM1310929

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