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Prepare entries for Martin

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Question - Early in 2022, Sheryl Martin Equipment sold 540 Rollomatics at €6,480 each. During 2022, Martin spent €21,600 from Cash,Supplies, Wages Payable servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.

Prepare 2022 entries for Martin. Assume that Martin estimates the total cost of servicing the warranties will be €59,400 for the 2 years.

Reference no: EM132873478

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