Question & Answer: Problem 13-5 Ivanhoe Corporation sells computers under a 2 year warranty contract that requires the corporation to replace d During 2017,…..

Problem 13-5 Ivanhoe Corporation sells computers under a 2 year warranty contract that requires the corporation to replace d During 2017, the corporation sells for cash 395 computers at a unit price of $2,260. On the basis of parts and $192 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2017.)T defective parts and to provide the necessary repair labor past experience, the 2-year warranty costs are estimated to be $162 for The warranty is not sold separately from the computer. Your answer is partially correct. Try again. Record any necessary journal entries in 2017. (If no entry is required, select No Entry for the account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 892700 892700 Warranty Expense 139830 Warranty Liability 139830

Problem 13-5 Ivanhoe Corporation sells computers under a 2 year warranty contract that requires the corporation to replace d During 2017, the corporation sells for cash 395 computers at a unit price of $2,260. On the basis of parts and $192 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2017.)T defective parts and to provide the necessary repair labor past experience, the 2-year warranty costs are estimated to be $162 for The warranty is not sold separately from the computer. Your answer is partially correct. Try again. Record any necessary journal entries in 2017. (If no entry is required, select “No Entry” for the account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 892700 892700 Warranty Expense 139830 Warranty Liability 139830