During August,Radio City sold 200 ipods for $50 each.Each ipod 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 August,the entry to record the Product Warranty Expense is

Question

Quizplus · Accepted Answer

The Answer of During August,Radio City sold 200 ipods for $50 each.Each ipod 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 August,the entry to record the Product Warranty Expense is

During August,Radio City Sold 200 Ipods for $50 Each