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Calculate the entry to record the customer warranty repairs

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Question - During August, Boxer Company sells $356,000 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 $12,800 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,400 in parts for repairs. Calculate the entry to record the customer warranty repairs?

Reference no: EM132194012

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