The following transactions occurred during november: 1. received $900 cash for services provided to a customer during november. 2. received $2,200 cash investment from brad smith, the stockholder of the business. 3. received $750 from a customer in partial payment of his account receivable which arose from sales in october. 4. provided services to a customer on credit, $375. 5. borrowed $6,000 from the bank by signing a promissory note. 6. received $1,250 cash from a customer for services to be rendered next year. what was the amount of revenue for november?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?