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ASSIGNMENT RESOURCES Chapter 18 Homework Exercise 18-9 Exercise 18-11 (Part Level Submission' Exercise 18-21 (Part Level Submission) Exercise 18-22 (Part Level Submission) Exercise 18-25
Exercise 18-26 (Pa Level Submission
Problem 18-2 (Part Level Submission)
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On January 2, 2017, Shamrock Company sells production equipment to Fargo Inc. for $54,000. Shamrock includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2017. During 2017, Shamrock incurs costs related to warranties of $860. At December 31, 2017, Shamrock estimates that $650 of warranty costs will be incurred in the second year of the warranty.
0 (a)
(b) Repeat the requirements for (a), assuming that in addition to the assurance warranty, Shamrock sold an extended warranty (service-type warranty) for an additional 2 years (2019-2020) for $780. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Date Account Titles and Explanation
Debit
Credit
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