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Rodriguez Corp. sells a product carrying a two-year warranty against defects. The estimated warranty costs are 2% of sales in the first year following the

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Rodriguez Corp. sells a product carrying a two-year warranty against defects. The estimated warranty costs are 2% of sales in the first year following the sale and 4% in the second year following the sale. The product sells for $600 and there were 1,000 units sold for cash. Question 1 (2 points) Listen 1. Record the journal entry(ies) related to the sale of the products and warranties

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