During May,Phone Mart sold 150 iPhones for $200 each.Each iPhone had cost Phone Mart $108 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,Phone Mart sold 150 iPhones for $200 each.Each iPhone had cost Phone Mart $108 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,Phone Mart Sold 150 IPhones for $200 Each