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On 9/1, the Knight's Stop issues a new part to a customer to replace a defective part the customer purchased the previous year. The new
On 9/1, the Knight's Stop issues a new part to a customer to replace a defective part the customer purchased the previous year. The new part was issued under the two-year warranty offered on all parts sold by company. On 9/1, Knight's Stop would debit which account for the journal entry? Accounts Payable Inventory Current Portion Long-term Debt Warranty Expense Cash Warranty Payable Accounts Receivable
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