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Monthly sales are $520,000 Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. No defective products are returned
Monthly sales are $520,000 Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. No defective products are returned during the m should record a journal entry with a credit to OA Sales for $26,000, B. Warranty Expense for $26,000. C. Accrued Warranty Payable for $25,000 OD. Inventory for $26,000.
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