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Required a. Record the entries in Year 1 to (1) record actual cash warranty costs and (2) accrue for warranties at year-end. b. At December
Required a. Record the entries in Year 1 to (1) record actual cash warranty costs and (2) accrue for warranties at year-end. b. At December 31 Year 1, what would Ward report as estimated warranty liability on its balance sheet? \$ c. Record the entries in Year 2 to (1) record actual cash warranty costs and (2) accrue for warranties at year-end. d. At December 31 Year 2, what would Ward report as estimated warranty liability on its balance sheet? $
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