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Monthly sales are $500,000. Warranty costs are estimated at 3% of monthly sales Warranties are honored with replacement products. No defective products are retumed during

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Monthly sales are $500,000. Warranty costs are estimated at 3% of monthly sales Warranties are honored with replacement products. No defective products are retumed during the month. At the end of the month, the company should record a journal entry with a credit to O A Inventory for $15,000 O B. Estimated Warranty Payable for $15.000 OC. Sales for $15.000 OD Warranty Expense for $15.000 Monthly sales are $500,000. Warranty costs are estimated at 3% of monthly sales Warranties are honored with replacement products. No defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to O A Inventory for $15,000 OB. Estimated Warranty Payable for $15,000 OC Sales for $15,000 OD. Warranty Expense for $15.000 Which is NOT a current liability: O unearned revenue OB. accrued liabilities C accounts payable D Service revenue

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