Multiple Choice
Jaye's Company paid $750 cash to replace a part on equipment sold under warranty. To recognize the payment, which of the following are correct?
A) Debit Warranty Payable and credit Cash
B) Debit Warranty Expense and credit Cash
C) Debit Equipment Expense and credit Cash
D) Debit Parts Expense and credit Cash
Correct Answer:
Verified
Correct Answer:
Verified
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