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What is the recorded unearned warranty revenue on January

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Question - On January 1, 2015, Lungdrin Cafe sold 30,000 espresso machines at $50 each, which included a one-year warranty on parts and service if a defective machine was returned to Lungdrin Cafe . Lungdrin Cafe estimated that 6 percent of the machines would be returned for repair, incurring a repair cost of $35 per machine. During 2015, the company spent $45,000 on repairs. Lungdrin Cafe uses the sales warranty accrual method to account for its warranty obligations. What is the recorded unearned warranty revenue on January 1, 2015?

A. $0

B. $54,000

C. $63,000

D. $45,000

Reference no: EM133103198

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