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5.Heyward Company provides a warranty on its primary product. Based orn historical failure patterns, warranty expense is estimated to be .4% of sales. During 2018,
5.Heyward Company provides a warranty on its primary product. Based orn historical failure patterns, warranty expense is estimated to be .4% of sales. During 2018, sales of the product totaled $2,840,000 and the cost of servicing products under warranty was $12,000. What journal entry would Heyward need to make in its accounting records at year end to recognize warranty expense
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