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    Exam 10: Liabilities: Current,installment Notes,and Contingencies
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    Hadley Industries Warrants Its Products for One Year
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Hadley Industries Warrants Its Products for One Year

Question 117

Question 117

Essay

Hadley Industries warrants its products for one year.The estimated product warranty expense is 4% of sales.Assume that sales were $210,000 for June.In July,a customer received warranty repairs requiring $205 of parts and $75 of labor.
Hadley Industries warrants its products for one year.The estimated product warranty expense is 4% of sales.Assume that sales were $210,000 for June.In July,a customer received warranty repairs requiring $205 of parts and $75 of labor.

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