This does help, do you have any readings you can point me towards? I
really want to make sure I understand the thought process for the
exam... I guess I should do some more practice questions to see how
they address these things.
Now I wish I dealt more with warranties at work!
Also, I heard there's a proper discussion board through Blackboard but
can't find it, any thoughts?
Thanks!
On Jul 11, 5:34 pm, Helene Lapierre <
lenny.lapie...@gmail.com> wrote:
> From Blackboard I have determined that we deduct the 32000 warranty accrual.
>
> the logic behind it is that the expense matched the claims so the entries
> would have been...
>
> Dr. Warranty Expense
> Cr. Cash
> leaving the warranty accrual to be deducted from taxable income...
> That is what I am going to do... not sure if it is correct or not...
> Helene ( Lenny)
>
> On Mon, Jul 11, 2011 at 4:23 PM, Helene Lapierre
> <
lenny.lapie...@gmail.com>wrote:
>
>
>
> > Hi Katherine - it is too hot to be doing this homework....
>
> > But this is my thinking about the Warranty Liability.
> > Normal Entries during the year... for the Accrual Dr. Warranty Expense -
> > Cr Warranty Accrual
>
> > And then when you have warranty expenses you would Dr. Warranty Accrual -
> > Cr. Cash/ A/P
>
> > So with an opening balance (32,000) - the accrual would have a debit
> > balance...
>
> > I have posted a question on blackboard to see if someone replies....
> > Helene (Lenny)
>
> > On Mon, Jul 11, 2011 at 3:09 PM, Katherine <
kathompson.em...@gmail.com>wrote:
>
> >> I could use some help, question 2, what did you do with warranty
> >> liabilities? how does that relate to the warranty expense? it's an
> >> opening balance, so do I just disregard it? But there's the amount in
> >> deferred income tax. Help please!
>
> >> On Jun 27, 12:05 am, eytan cerasi <
ecer...@gmail.com> wrote:
> >> > Hi everyone,
>
> >> > I have finished 1st and 2nd questions so I will be glad to discuss those
> >> > with you. By the way, the 1st question has been changed so please check
> >> the
> >> > technical update for that. The roadmap is not updated so do not take it
> >> into
> >> > consideration.
>
> >> > Have a good night
>
> >> > EC
>
> >> > On Tue, Jun 21, 2011 at 11:24 PM, dolly <
dolly082...@yahoo.ca> wrote:
> >> > > Hello everyone. Has anyone tried to look at Assign 1? I tried to print
> >> > > the Module sources based on the roadmap but I'm a bit surprise that
> >> > > Ass 1- Question 3 is not related in any remotest sense to the Mod 2.8
> >> > > as the source indicated by the roadmap. Am I reading the roadmap
> >> > > incorrectly?- Hide quoted text -
>
> >> > - Show quoted text -- Hide quoted text -