During September, Genesis sold 100 radios for $50 each. Each radio cost Genesis $30 to purchase, and carried a two-year warranty. If 5% typically need to be replaced over the warranty period and one is actually replaced during September, for what amount in September would Genesis debit Product Warranty Expense?

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The Answer of During September, Genesis sold 100 radios for $50 each. Each radio cost Genesis $30 to purchase, and carried a two-year warranty. If 5% typically need to be replaced over the warranty period and one is actually replaced during September, for what amount in September would Genesis debit Product Warranty Expense?

During September, Genesis Sold 100 Radios for $50 Each