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Marshall Repairs and Detailing has recently opened its doors to provide quality auto repair services. To encourage business, Marshall offers a 6-month warranty on all

image text in transcribedimage text in transcribed Marshall Repairs and Detailing has recently opened its doors to provide quality auto repair services. To encourage business, Marshall offers a 6-month warranty on all repairs. The following data are available for the year: Required: 1. Compute the warranty expense for the year. q 3. Conceptual Connection: What is the balance in the estimated warranty liability account at December 31 ? $ Why has the balance in the warranty liability account changed from the beginning of the year? The balance has because more claims were than were through warranty expense

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