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  3. 4. lewis guarantees its vacuums for six years. pri

4. Lewis guarantees its vacuums for six years. Prior experience indicates...

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Accounting

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4. Lewis guarantees its vacuums for six years. Prior experience indicates that warranty costs will be approximately 3% of sales. Assume that Lewis made sales totaling $190,000 during 2024. Record the warranty expense for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit fields and then continue to the next

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