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Question 20 of 24 4 Points Tess's Tumblers offers a one year warranty on all...

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Accounting

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Question 20 of 24 4 Points Tess's Tumblers offers a one year warranty on all plastic tumblers that they sell, in 2020, Tess's Tumblers sells 40.000 tumblers Tess's Tumblers estimates that one tumbler out of every 4.000 sold will require use of the warranty and each warranty claim costs Tesss Tumblers 520. Assuming no warranty claims have been made, which of the following would be included in the journal entry to record warranty expense for 20202 A. Cr. Warranty Expense $200 B. Cr. Warranty Liability 520 C. Warranty Liability 5200 O D. Cr. Warranty Expense 520 Reset Selection Mark for Review What's This

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