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Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b in warranty claims for phones they sold in 2018.

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Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b in warranty claims for phones they sold in 2018. During 2019 Apple incurred $3.7b expenses to satisfy warranty claims. What journal entry does Apple record at the end of 2018? [ Select] DR Warranty Payable $3.8b CR Cash $3.8b DR Warranty Payable $3.8 CR Warranty Expense $3.8b DR Warranty Expense $3.8b CR Warranty Payable $3.8b DR Cash $3.8b Warranty Payable $3.8b Apple, Inc. offers a 1 year warranty on its Apple products. In 2018 Apple estimated $3.8b in warranty claims for phones they sold in 2018. During 2019 Apple incurred $3.7b expenses to satisfy warranty claims. What journal entry does Apple record at the end of 2018? [Select ] What journal entry does Apple record in 2019? [ Select] DR Warranty Payable $3.7b CR Cash $3.7b DR Warranty Payable $3.76 CR Warranty Expense $3.7b DR Warranty Expense $3.75 CR Warranty Payable $3.7b DR Cash $3.76 CR Warranty Payable $3.7b

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