Review the following data related to warranties for a company's first year of operations: Actual...
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Accounting
Review the following data related to warranties for a company's first year of operations: Actual warranty expenditures for the year, 5304,780 . Number of units sold for year, 179,700, Estimated percentage of units that will require repairs, 4%. Estimated average repair, $80. Required: journalize the adlusting entry to accrue warranty expense for the year. Actual warmaty expenditures were recorded as warranty expepse when incurred
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