On October 10, 2013, Printfast Company sells a commercial printer for $3,550 with a one-year...
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On October 10, 2013, Printfast Company sells a commercial printer for $3,550 with a one-year warranty that covers parts. Warranty expense is projected to be 4% of sales. On February 28, 2014, the printer requires repairs. The cost of the parts for the repair is $120 and Printfast pays their technician $270 to perform the repair. What warranty expense is recorded for this printer during 2014?
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