Route canal shipping company has the following schedule for aging of accounts receivable: age of receivables april 30, 20x1 (1) (2) (3) (4) month of sales age of account amounts percent of amount due april 0–30 $ 156,240 march 31–60 78,120 february 61–90 117,180 january 91–120 39,060 total receivables $ 390,600 100% calculate the percentage of amount due for each month.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a:

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