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Title: Iggy Sales, Inc. offers warranties on all its electronic goods. Warranty expense is estimated at ... Post by: H3Ko on Sep 2, 2016 Iggy Sales, Inc. offers warranties on all its electronic goods. Warranty expense is estimated at 3.5% of sales revenue. In 2017, Iggy had sales of $333,000. In the same year, Iggy replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the replacement of defective goods.
Title: Re: Iggy Sales, Inc. offers warranties on all its electronic goods. Warranty expense is estimated at ... Post by: Tanks on Sep 2, 2016 Content hidden
Title: Re: Iggy Sales, Inc. offers warranties on all its electronic goods. Warranty expense is estimated at ... Post by: H3Ko on Oct 12, 2016 YES! Can't believe I got this one right. Appreciate the confirmation
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