X5, 31 December 20x5 (end of the scal years, and entries on 15 July 20X5, 31 the journal entre e two assumptions: was these two separately on the note. in the face value of the note. west is stated separa west is included in th rest is in sa manufacturer of electronic toys. As a company nd defective toys are replaced by new ones. In 203 t records indicate that approximately 5% of the toys sols hildren Toys Company is a manuf ne-year warranty, and defective toys was TL 15 and past records indi Happy Children ald under a one-yea at the toys was TL 1 as defective. In 20X8, Happy Children sold 22.000 elect ed by the customers as defective turned by the 2009, an electronic toy was returned by a customer and replaced by in 19 February 20X9, an electron mone. The cost of the replaced item was TL 18,50. med ktermine the product warranty expense for the year and prepare the adjusti, med liability, assuming that the accounting period ended on 31 De required on 19 February 20X9. plain the reasons value of the note interest i5 Inciu 13 Happy Children sold under a ona stof the toys was T ildren Toys Company is a manus a one-year warranty, and defecti was TL 15 and past records indicate the ned by the customers as defective. In 20 tumed by manty: 10 Rebruary 2009 an electronic toy was retur one. The cost of the replaced item was TL 18 X5, 31 December 20x5 (end of the scal years, and entries on 15 July 20X5, 31 the journal entre e two assumptions: was these two separately on the note. in the face value of the note. west is stated separa west is included in th rest is in sa manufacturer of electronic toys. As a company nd defective toys are replaced by new ones. In 203 t records indicate that approximately 5% of the toys sols hildren Toys Company is a manuf ne-year warranty, and defective toys was TL 15 and past records indi Happy Children ald under a one-yea at the toys was TL 1 as defective. In 20X8, Happy Children sold 22.000 elect ed by the customers as defective turned by the 2009, an electronic toy was returned by a customer and replaced by in 19 February 20X9, an electron mone. The cost of the replaced item was TL 18,50. med ktermine the product warranty expense for the year and prepare the adjusti, med liability, assuming that the accounting period ended on 31 De required on 19 February 20X9. plain the reasons value of the note interest i5 Inciu 13 Happy Children sold under a ona stof the toys was T ildren Toys Company is a manus a one-year warranty, and defecti was TL 15 and past records indicate the ned by the customers as defective. In 20 tumed by manty: 10 Rebruary 2009 an electronic toy was retur one. The cost of the replaced item was TL 18