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Sylvan Company had sales of $1,500,000. Estimated warranty costs are 1% of sales. Work performed...

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Accounting

Sylvan Company had sales of $1,500,000. Estimated warranty costs are 1% of sales. Work performed under warranties during the period actually cost $8,750. The entry to record the warranty liability includes: Question 40 options: a debit to Warranty Expense for $23,750. a debit to Warranty Expense for $15,000. a debit to Warranty Expense for $8,750. Both A and B, above. None of these

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