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Kristin Company sells computers with a 6-month warranty. It is estimated that 2% of all units sold will need repairs under warranty at an estimated cost of $200 per unit. During January, the company sold 100,000 computers at $1,750 each, and 1,500 computers were turned in for repairs during that same month. The total actual repairs costs amounted to $185,000 from the computer parts inventory. The balance in the Estimated Warranty Liability Account on January 1 was $15,000. What is the balance in the Estimated Warranty Liability Account at the end of January?
joan 45 years old and unmarried contributed 1200 monthly in 2011 to the support of her parents household. the parents
from the balance sheetcash............................................................. 30000
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Prepare the business Income Statement for the period. Prepare the business Statement of Changes in Equity for the period, Prepare afully classified Balance Sheet at the end of the period.
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