During May, Photo Mart sold 150 instant cameras for $100 each. Each camera had cost Photo Mart $54 to purchase and carried a one-year warranty. If 4 percent typically need to be replaced over the warranty period and two actually are replaced during May, the entry to record the Product Warranty Expense is

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The Answer of During May, Photo Mart sold 150 instant cameras for $100 each. Each camera had cost Photo Mart $54 to purchase and carried a one-year warranty. If 4 percent typically need to be replaced over the warranty period and two actually are replaced during May, the entry to record the Product Warranty Expense is

During May, Photo Mart Sold 150 Instant Cameras for $100