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During July, Audio City Sold 200 Radios for $50 Each

Question 48

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During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, the entry to record the Product Warranty Expense is During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, the entry to record the Product Warranty Expense is

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