Lachgar Industries warrants its products for one year. The estimated product warranty is 3% of...
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Accounting
Lachgar Industries warrants its products for one year. The estimated product warranty is 3% of sales. Assume that sales were $285,000 for September. In October, a customer received warranty repairs requiring $145 of parts and $75 of labor. For a compound transaction, if an amount box does not require an entry, leave it blank
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