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Prepare journal entry to record the warranty claims

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Question - Wonder Computers Ltd offers a 12-month guarantee with the computers it sells. On 1 July 2019, the balance of the warranty provision account was $2 300. During the year ended 30 June, warranty claims cost $3 600, of which $2 400 was for parts and $1 200 was for labour.

Required - Prepare journal entry to record the warranty claims during the year ended 30 June 2020.

Reference no: EM132555909

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