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D N D Jones, Inc. sold 5100.000 of goods during the year. These goods carry a three-year warranty. Jones made the appropriate year-end adjustment to
D N D Jones, Inc. sold 5100.000 of goods during the year. These goods carry a three-year warranty. Jones made the appropriate year-end adjustment to repairs were made and cost Jones 51,000 cash. Which of the following correctly indicates the effects the warranty repairs had on the company's Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N D D Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N N N N N Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow D N N N D Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow D N D N D D N D N D ustment to record the warranty expense related to the goods sold during the year. During the next year customers returned goods for repair. The company's financial statements
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