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Chez Nous Limited, a new company, made sales (all on account) of $400,000. The company estimated warranty repairs at 3 percent of sales. Chez Nous'
Chez Nous Limited, a new company, made sales (all on account) of $400,000. The company estimated warranty repairs at 3 percent of sales. Chez Nous' actual warranty payments were $9,000. Record sales, warranty expense, and warranty payments on December 31. How much is Chez Nous' estimated warranty payable at the end of the period? Begin with the journal entry to record the sales made on account during the year. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Accounts Debit Credit Dec 31 Next, make the journal entry for the warranty expense for the year. General Journal Date Accounts Debit Credit Dec 31 Begin with the journal entry to record the sales made on account during the year. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Accounts Debit Credit Dec 31 Next, make the journal entry for the warranty expense for the year. General Journal Date Accounts Debit Credit Dec 31 low much is Chez Nous' estimated warranty payable at the end of the period? Chez Nous' estimated warranty payable at the end of the period is hoose from any list or enter any number in the input fields and then continue to the next question. low much is Chez Nous' estimated warranty payable at the end of the period? Chez Nous' estimated warranty payable at the end of the period is hoose from any list or enter any number in the input fields and then continue to the next
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