Madden Electric began operations in 2010 and provides a one year warranty on the products...
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Accounting
Madden Electric began operations in 2010 and provides a one year warranty on the products it sells. They estimate that 10,000 of the 200,000 units sold in 2010 will be returned for repairs and that these repairs will cost $6 per unit. During the year 8,000 units presented for repaire. Prepare necessary journal entries.
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