In 2019, BMJ Plumbing Company sold 250 water heaters for $1,050 each. The water heaters carry a
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1. How much is recorded in the warranty liability account as a result of selling the water heaters during 2019, assuming no warranty service has yet been performed?
2. Prepare the necessary adjusting entry at December 31, 2019.
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1 250 water heaters 1050 002 5250 warranty l...View the full answer
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