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Boyo's Bicycle Sales and Repairs Ca. offers a 6-month warranty on all new bicycle purchases....

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Accounting

Boyo's Bicycle Sales and Repairs Ca. offers a 6-month warranty on all new bicycle purchases. Based on history, Boyd determines that warranty repairs are equal
to approximately 2% of sales. During the month, Boyd sales total $20,000. Boyd will record Warranty Expense in the amount of
for the month.
$20,400
$0
$400
image

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