Business, 15.04.2020 02:00 backup5485

During August, Boxer Company sells $353,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $12,500 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,100 in parts for repairs. The entry to record the customer warranty repairs is:

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During August, Boxer Company sells $353,000 in merchandise that has a one year warranty. Experience...