Question

Feller, Inc. sells a certain machine for $35,000. Inculded in this price is an implied service-type...

Feller, Inc. sells a certain machine for $35,000. Inculded in this price is an implied service-type warranty of $950. Fifty machines were sold in 2016. Warranty claims incurred during 2016 amounted to $21,000.

Required:

Prepare all 2016 journal entries required by the information above.

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