Earth-style Electronics Co. offers warranties on all their electronic goods. Warranty expense is estimated at 2% of
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Earth-style Electronics Co. offers warranties on all their electronic goods. Warranty expense is estimated at 2% of sales revenue. In 2018, the company had $600,000 of sales. In the same year, it paid out $11,500 of warranty payments.
What is the entry needed to record the estimated warranty expense?
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ISBN: 978-0133855371
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Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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