On october 10 2010 printfast company sells a commercial, Ask an Expert

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On October 10, 2010, Printfast Company sells a commercial printer for $2,350 with a one year warranty that covers parts. Warranty expense is project to be 4% of sales. On February 28, 2011, the printer requires repairs. The cost of the parts for the repair is $80 and Printfast pays their technician $150 to perform the repair. What is the warranty liability at the end of 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986458

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