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q10 On August 1, 2020. Alba Trading sold a...

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Accounting

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On August 1, 2020. Alba Trading sold a machine for $13.000 cash with a two-year parts warranty. On March 1, 2021, the machine requires on-site repairs which cost $200 of the repair parts inventory Alba estimates warranty costs to be 4% of dollar sales in 2020. Alba reports warranty expense of OAS300 oas00

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