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Carnes Electronics sells consumer electronics that carry a 90-day manufacturer's warranty. At the time of purchase, customers are offered the opportunity to also buy

Carnes Electronics sells consumer electronics that carry a 90-day manufacturer's warranty. At the time of purchase, customers are offered the opportunity to also buy a two-year extended warranty for an additional charge. During the year, Carnes received $442,000 for these extended warranties (approximately evenly throughout the year). View transaction list X: Record the sale of extended warranty. > 1 Record the revenue earned on extended warranty. Credit 2.

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