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A company sells its products subject to a warranty that covers the cost of parts for repair during the month after the date of sale.

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A company sells its products subject to a warranty that covers the cost of parts for repair during the month after the date of sale. Warranty costs are estimated to be 6% of sales. During the month of June, the company performed warranty work and used exist12.000 of parts to perform the warranty work. Sales for June were exist450.000. Record the warranty expense for the month of June. Record the costs of the warranty work completed in June. If the Estimated Warranty Liability account had a credit balance of exist10,000 on May 31, what is the account balance at June 30? ____________

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