Dawson Company sells fax machines. During 1999. the company sold 2.000 fax machines. The company esti- mates

Question:

Dawson Company sells fax machines. During 1999. the company sold 2.000 fax machines. The company esti- mates that 5% of the machines require repairs under warranty. To date. 30 machines have been repaired. The estimated average cost of warranty repairs per defective fax machine is S200. The required amount of the adjusting entry to record estimated product warranty payable is: pg47

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