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Eh in ac 2.5 pts Question 11 D Vide onds) Hasting Industries sold 700 wigs for $50 each. Hastings estimates that warranty costs will be
Eh in ac 2.5 pts Question 11 D Vide onds) Hasting Industries sold 700 wigs for $50 each. Hastings estimates that warranty costs will be 1.5% of revenue. The journal entry to record the estimated warranty liability would include: applie ange, Current a. A debit to warranty liability for $525 b. A credit to cash for $525 espre C. A credit to revenue for $525 -A d. A debit to warranty expense for $525
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