Mathematics, 25.07.2019 02:30 marlesly87
During august, boxer company sells $364,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,000 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,600 in parts for repairs. the entry to record the estimated warranty expense for the month is: multiple choice debit estimated warranty liability $18,200; credit warranty expense $18,200. debit warranty expense $6,200; credit estimated warranty liability $6,200. debit warranty expense $18,200; credit estimated warranty liability $18,200. debit warranty expense $14,800; credit estimated warranty liability $14,800. debit estimated warranty liability $8,600; credit warranty expense $8,600.
Answers: 1
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During august, boxer company sells $364,000 in merchandise that has a one year warranty. experience...
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