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McNight Industries completed the following transactions during 2016: Journalize the transactions (explanations are not required). (Record debits first, then credits. Exclude explanations from journal entries.)

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McNight Industries completed the following transactions during 2016: Journalize the transactions (explanations are not required). (Record debits first, then credits. Exclude explanations from journal entries.) Nov 1 Made sales of $49,000 McNight estimates that warranty expense is 5% of sales (Record only the warranty expense)

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