journalize the adjusting entry

Project Description:

hadley industries warrants its products for one year. the estimated product warranty is 4%of sales. assume that sales were $210,000for june. in july, a customer received warranty repairs requiring $205 of parts and $75 of labor.

journalize the adjusting entry required at june 30, the end of the first month of the current year, to record the accrued product warranty and journalize the entry to record the warranty work
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Project Stats:

Price Type: Negotiable

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