Business, 25.11.2020 14:00 iamabeast51

Early in 2020, Tamarisk Equipment Company sold 600 Rollomatics at $5,400 each. During 2020, Tamarisk spent $21,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. Required:
Prepare 2020 entries for Tamarisk. Assume that Tamarisk estimates the total cost of servicing the warranties in the second year will be $31,000.

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Early in 2020, Tamarisk Equipment Company sold 600 Rollomatics at $5,400 each. During 2020, Tamarisk...