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wel
2 years ago
13

Assume that during May, a company sold a product for $160,000 that includes a 36-month warranty. Historically, the average cost

of repairs over the warranty period is 7% of the sales price. The entry to record the estimated product warranty expense would include a __________ to __________ for $11,200.
a. debit; Product Warranty Expense
b. credit; Cash
c. debit; Product Warranty Payable
d. credit; Product Warranty Expense
Business
1 answer:
Stels [109]2 years ago
5 0
A. Debit; product warranty expense
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Answer and Explanation:

Journal entry to record the issuance of the bonds.

A.

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When economists say that money serves as a store of value, they mean that it is :_______
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