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Linda paid $1,500 by cheque for warranty service work. A Warranty Liability account had been created in the previous year for warranty expenses.
What would be the journal entry to record the service work?First when the entry was created that entry was
DR: Warranty expenses a/c
CR: Payable a/cNow when expenses are paid, entry will be
DR: Payable a/c
CR: Cash a/c*a/c stands for account
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