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Journalize,in proper form,the following transactions that occurred during September.Omit explanations.
September
Magnuson-Moss Act
A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying primarily to consumer products.
Express Warranty
A seller's promise or guarantee that a product will meet a specified level of quality and reliability.
Implied Warranty
An implied warranty is an unstated guarantee that a product will meet a minimum level of quality and functionality, as per the law or industry standards.
Substitute Goods
Products or services that can serve as replacements for each other; demand for one increases when the price of the other rises.
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