Question: A company makes computer monitors that sell for $ 2 0 0 . Year 2 0 2 0 sales are 5 , 0 0 0

A company makes computer monitors that sell for $

200 .

Year

2020

sales are

5, 000

units. It estimates that

1 %

of the units will need to be replaced within the warranty period. The journal entry to record the warranty liability would include which of the following:

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