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6 Sea Horse Boats offers a 1 year warranty on boats it builds and sells. Sea Horse Boats built and sold 3 0 boats of

6 Sea Horse Boats offers a 1 year warranty on boats it builds and sells. Sea Horse Boats built and sold 30 boats of a particular model that is experiencing lamination failure (fiberglass is coming apart). The cost to repair each boat, if it fails, is approximately $2,250. Prepare the journal entry necessary to record the liability.
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