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Business, 13.08.2020 20:01 Shueki

Monthly sales are $675,000. Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. $21,980 in defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to:

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Monthly sales are $675,000. Warranty costs are estimated at 5% of monthly sales. Warranties are hono...

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