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  3. during 2025. the company received cash for 20% of

during 2025. The company received cash for 20% of the sales and notes receivable for...

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Accounting

during 2025. The company received cash for 20% of the sales and notes receivable for the remainder. Warranty payments totaled $25,000 during 2025.
Read the requirements.
Begin with the entry to record the sales. (Prepare a single compound entry for this transaction.)
Requirements
Record the sales, warranty expense, and warranty payments for the
company. Ignore cost of goods sold.
Assume the Estimated Warranty Payable is $0 on January 1,2025. Post the
2025 transactions to the Estimated Warranty Payable T-account. At the end
of 2025, how much in Estimated Warranty Payable does the company owe?
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