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A company estimates that warranty expense will be 5% of sales. The company has sales of $225,000 for the current period. The current period's
A company estimates that warranty expense will be 5% of sales. The company has sales of $225,000 for the current period. The current period's entry to recont the warranty expense is OA Estimated Warranty Liability 11,250 Estimated Liability Expense 11,250 OB Warranty Liability Expense. 11, 250 Estimated Warranty Liability. 11,250 OC Warranty Expenses 11,250 Estimated Warranty Liability 11,250 OD Warranty Liability, 11, 250 Estimated Warranty Liability. 11,250
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