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Journalize the following transactions for Riley Corporation:Dec. 31 The accrued product warranty expense for the year isestimated to be 2.5% of sales. Sales for the

Journalize the following transactions for Riley Corporation:Dec. 31 The accrued product warranty expense for the year isestimated to be 2.5% of sales. Sales for the year totaled$8,850,000. The accr Journalize the following transactions for Rlley Corporation: Dec. 31 The accrved product warranty expense for the year is estimated to be \( 2.5 \% \) of sales. Sales for the year totaled \( \$ 8,850, 2 answers

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