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Assume that ABC company sales fridges for 600 $ each. For the current year the company sales 85 fridges and estimates that 3 % will
Assume that ABC company sales fridges for 600 $ each. For the current year the company sales 85 fridges and estimates that 3 % will be defective. The journal entry for warranty costs include: Select one: A. debit cash for 1530 $ and credit warranty liability for 1530 $ B. debit warranty expenses for 1530 $and credit warranty liability for 1530 $ C. debit warranty liability for 1530 $ and credit cash for 1530 $ D. none of theses
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