User Account

All Pages

What is the journal entry to record the sale

Assignment Help Accounting Basics
Reference no: EM132821123

Question - On January 1, 2020, Sandhill Ltd. sold on account 1,200 units of its product for a total price of $571,000 and a cost of $477,000. The products have a one-year assurance-type warranty and Sandhill estimates that the cost will be $26,400. By the company's year-end December 31, 2020, actual warranty costs related to the products sold was $19,200, paid in cash. What is the journal entry to record the sale?

Reference no: EM132821123

Questions Cloud

Mean employees performance evaluation : What dose mean employees performance evaluation, and how the lack of evaluation effect the employees performance? answer with references please
Present all the necessary journal entries on the books : Present all the necessary journal entries on the books of Sunland Inc. from the time of restructuring the debenture through maturity
Compute the present value of lottery winnings : December 31 of each year beginning on December 31, 2017. If the current interest rate is 6%, compute the present value of your lottery winnings.
Assess the impacts of covid-19 on labor relations : For this assignment, you are be required to assess the impacts of COVID-19 on Labor Relations.
What is the journal entry to record the sale : The products have a one-year assurance-type warranty and Sandhill estimates that the cost will be $26,400. What is the journal entry to record the sale
What would all journal entries be for maskoka corp : What would all journal entries be for 2020 and 2021. In February 2020, Maskoka Corp. purchased a golf course in southern ON for $7.5 million cash.
How did trans people stake out identities and communities : How did trans people stake out identities and communities that were separate from drag performers, and how did drag performers respond to tans people who worked
How to cross boundaries : What were the strengths of Michell Rhee's approach to leadership and managing - challenges of Michelle Rhee's approach to addressing the significant problem?
What are pre-qualifying questions : 1. What are Pre-Qualifying Questions and why are they important?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd