Question: O'Conner guarantees its vacuums for four years. Prior experience indicates that warranty costs will be approximately 6% of sales. Assume that O'Conner made sales totaling

O'Conner guarantees its vacuums for four years. Prior experience indicates that warranty costs will be approximately 6% of sales. Assume that O'Conner made sales totaling $200,000 during 2018. Record the warranty expense for the year.

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