Lowe manufacturing co. warrants its products for one year

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Lowe Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $560,000 for June. In July, a customer received warranty repairs requiring $140 of parts and $95 of labor. For a compound transaction, if an amount box does not require an entry, leave it blank. Journalize the entry to record the warranty work provided in July

Reference no: EM13960342

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