On september 11 2010 home store sells a mower for 400 with

Reference no: EM13567868

On September 11, 2010, Home Store sells a mower for $400 with a one-year warranty that covers parts. Warranty expense is estimated at 5% of sales. On July 24, 2011, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the Repair Parts Inventory.

Prepare the July 24, 2011, entry to record the warranty repairs.

Reference no: EM13567868

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