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27 April, 21:59

In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2016?

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  1. 28 April, 00:32
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    just calculate

    Step-by-step explanation:

    (400 x 350) x 1/50
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