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Record the warranty expense for the month of june

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Question - A company sells its product subject to a warranty that covers the cost of parts for repairs during the six months after the date of sale. Warranty costs are estimated to be 6% of sales. During the month of June, the company performed warranty work using $12,000 worth of parts for the warranty repairs. The total sales for June were equal to $450,000.

Record the warranty expense for the month of June.

Record the cost of the warranty work completed in June.

Reference no: EM132186543

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