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ew Policies rrent Attempt in Progress Metlock Factory provides a 2-year warranty with one of its products which was nrst sold in 2025. Metlock
ew Policies rrent Attempt in Progress Metlock Factory provides a 2-year warranty with one of its products which was nrst sold in 2025. Metlock sold $909,800 of products subject to the warranty. Metlock expects $124,480 of warranty costs over the next 2 years. In that year, Metlock spent $73,090 servicing warranty claims. Prepare Metlock's journal entr co record the sales (ignore cost of goods sold) and the December 31 adjusting entry, assuming the expenditures are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation During 2025 (To record payment for warranty costs incurred) 12/31/25 (To record sales) eTextbook and Media List of Accounts Debit
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