Question

Early in 2017, Coronado Equipment Company sold 500 Rollomatics during 2017 at $5,500 each. During 2017, Coronado spent $18,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.

Date

Account Titles and Explanation

Debit

Credit

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Early in 2017, Coronado Equipment Company sold 500 Rollomatics during 2017 at $5,500 each. During 2017, Coronado spent $18,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.