Prepare the required journal entry

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Question - In January, 2020, Dandy Shack fixed 10 computers from 2019, with a total parts cost of $1,060. Prepare the required Journal entry.

Narrative from Part A, in case you need it: Dandy Shack Computers are in the business of selling computer systems all across the country. Competition is fierce, and Dandy Shack tries to attract business by offering a three-year warranty on each sale. Total sales for 2017 are $856,000. The company sold 523 computers during the year. Generally, 8% of the actual physical computers sold have some sort of warranty issue within three years, with an average cost of $70 in parts (from inventory).

Reference no: EM132927875

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