(Answered) Question - we sell 1000 units of inventory on 112000 at

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Question - We sell 1000 units of inventory on 1/1/2000 at $5000/unit, each with a 2 year, assurance-type warranty. We estimate a $20,000 warranty expense. The actual warranty expense incurred in 2000 was $110,000. The actual warranty expense incurred in 2001 was $130,000. Journalize these events.

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