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Felix Sales Inc.offers warranties on all its electronic goods.Warranty expense is estimated at 3.5% of sales revenue.In 2015,Felix had $333,000 of sales.In the same year,Felix paid out $8,750 of warranty payments.Provide the journal entry to record the disbursement of warranty payments.
Domination
The exercise of control or influence over others, often in a manner that restricts individual freedom and autonomy.
Competition
The rivalry among individuals or groups for resources, recognition, or advantage, which can drive innovation and efficiency but also lead to conflict and inequality.
Military Ranks
A system of hierarchical relationships in armed forces, police, intelligence agencies, or other institutions organized along military lines.
Personal Freedom
The right of individuals to make choices about their own lives without undue interference from external forces such as the government or society.
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