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the michael bolton company (MBPC) sold 750000 printers in 2018. MBPC includes an assurance and does...

the michael bolton company (MBPC) sold 750000 printers in 2018. MBPC includes an assurance and does not use modified cash basis method.MBPC estimates that 2% of the printer requires repair under two year warranty at an average cost of $225. during 2018 MBPC spent $1,875,000 to make warranty repairs.
1 prepare the journal entry to recognized revenue warranty expense for 2018
2. the balance in the estimate warranties liability account was 1,500,000 on jan 1 2018. what wii be balance sheet report for dec 2018

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