Business, 02.09.2020 06:01, NetherisIsTheQueen

Werner Inc. sells its products with a 2-year warranty. On December 31, 2017, Werner recognized estimated warranty-related costs of $54,000 for its 2017 sales. During 2018, Werner incurs repair costs of $21,000 related to products sold during 2017. The journal entry to record the cost of repairs would include a debit to:

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Werner Inc. sells its products with a 2-year warranty. On December 31, 2017, Werner recognized estim...