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Question 5 : Gadget C o . Sells $ 4 , 5 0 0 , 0 0 0 worth of gadgets during 2 0 2
Question : Gadget Sells $ worth of gadgets during At the end of the year, they estimate that they will pay warranties on of all sales. Make the journal entry at the end of to recognize the warranty estimate.
Now assume in the following year a customer gets a $ warranty replacement, make the necessary entry.
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