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Prepare entries for Indigo

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Question - Early in 2020, Indigo Equipment Company sold 600 Rollomatics at $5,900 each. During 2020, Indigo spent $21,000 servicing the 2- year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Prepare 2020 entries for Indigo. Assume that Indigo estimates the total cost of servicing the warranties in the second year will be $33,000.

Reference no: EM133069446

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