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Business, 18.07.2019 04:10 alejandrosaaved1

During august, boxer company sells $362,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,200 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,800 in parts for repairs. the entry to record the estimated warranty expense for the month is:

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