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During the period, Weller Company had credit sales of $900,000 and cash sales of $100,000. Weller Company estimates warranty expense for any period to be
During the period, Weller Company had credit sales of $900,000 and cash sales of $100,000. Weller Company estimates warranty expense for any period to be 1% of total sales. Weller Company had a beginning in warranty liability of $12,500 and an ending balance of $12,340. How much cash did Weller Company pay during the period to settle warranty claims? Round to the nearest dollar.
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