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ABC Company estimates warranty expense at 3% of sales. Sales during the year were $11 million and warranty expenditures were $49,000. What was the balance

ABC Company estimates warranty expense at 3% of sales. Sales during the year were $11 million and warranty expenditures were $49,000. What was the balance in the ABC Company account at the end of the year? Multiple Choice $281,000. $49,000. $296,000 $330,000image text in transcribed

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