Question

Unit 3 Exam- Mutiple Choice 24 A company estimates that warranty expense wa be 5% of Selet The companys ales for the current perlod ace $168.000. The current penod’s entry to record the wararty expense the curent O Debit Estimaned Warrenty Liability $8400 credn Cash $8400 O Debi Esmated Warranty Llabinty $8400 credt Warranty Expense $6690 O Debit Waranty Expense $8400 credit Sales $8400 O Debit Warranty Expense $8400 credr Estimened Warranty Liabiriny $8400 O No entry is recorded untilthe tems are returned for waranty repairs Type here to search



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