31. During July. Audio City sold 200 radios for $50 each. Each radio had a...
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31. During July. Audio City sold 200 radios for $50 each. Each radio had a cost of $30 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, for what amount in July should Audio City debit Product Warranty Expense? A) $600 B) S300 C) $150 D) S30
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