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1. Journalize Carmine's warranty expense for the period and the company's cash 2. Show what Carmine's will report on its income statement and balance sheet

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1. Journalize Carmine's warranty expense for the period and the company's cash 2. Show what Carmine's will report on its income statement and balance sheet 3. Which data item from requirement 2 will affect the current ratio? Wil payments to satisfy warranty claims. Explanations are not required. for this situation at the end of the period Camine's current ratio increase or decrease as a result of this item

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