Quimby Co.sells goods to customers with a three-year warranty.During 2012,Quimby sold $600,000 of goods.On December 31,2012,Quimby made the appropriate year-end adjustment to record the warranty expense related to the goods sold during the year.Show the effects of the December 31,2012 adjustment.

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The Answer of Quimby Co.sells goods to customers with a three-year warranty.During 2012,Quimby sold $600,000 of goods.On December 31,2012,Quimby made the appropriate year-end adjustment to record the warranty expense related to the goods sold during the year.Show the effects of the December 31,2012 adjustment.

Quimby CoSells Goods to Customers with a Three-Year Warranty