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All machines are sold subject to a five-year standard warranty. It is estimated that total warranty costs will amount to 1% of sales. The company

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All machines are sold subject to a five-year standard warranty. It is estimated that total warranty costs will amount to 1% of sales. The company charged the warranty expense account for the actual warranty costs incurred (cash-basis). Sales per books and actual warranty costs were as follow. 3.900 9 Year ended Sales Actual costs 10 2019 S 980,000 1,800 2020 1,000,000 12 13 REQUIRED; Prepare all journal entries that you would give the bookkeeper of TV Corp to correct any accounting errors gnore any income tax effects. Assume the books have not yet been closed for the fiscal year ended March 31, 2020. If no entry is needed, select N/A from the first line 14 List debits listed before credits Credit 5 Date Debit Account Title 5 Apr. 1/19 Prior period Mar 31/20 Current period

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