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company sells electronic scoreboards for $800 and ffers a one-year warranty. uring the year, 200 scoreboards are sold. On December 31, company estimates that 4%
company sells electronic scoreboards for $800 and ffers a one-year warranty. uring the year, 200 scoreboards are sold. On December 31, company estimates that 4% of coreboards will need repaired next year and the iverage cost per scoreboard will be $100. What will be the adjusting entry at December 31, 20xx stimated warranty repairs? Debit Warranty Expense $20,000 Credit Warranty Liability $20,000 Debit Warranty Expense $800 Credit Warranty Liability $800 Debit Warranty Expense $0 Credit Warranty Liability $0 Debit Warranty Expense \$19,200 Credit Warranty Liability $19,200
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