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Mon to another question will save this response Question 17 of 18 Question 17 5.556 points Sur In Year 2. Jones Company sold $100,000 of
Mon to another question will save this response Question 17 of 18 Question 17 5.556 points Sur In Year 2. Jones Company sold $100,000 of goods during the year. These goods carry a three-year warranty. Jones made the appropriate year-end adjustment to record the warranty expense related to the goods sold during the year. During the next year customers returned goods for repair. The repairs were made and cost Jones $1,000 cash. Which of the following correctly indicates the effects the warranty repairs had on the company's financial statements Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow D D N N D D Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow D N D N D D D Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N N N N D O Assets Liabilities Equity | Revenue Expense Net Inc. Cash Flow N N N N N D D N
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