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Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to
Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to record warranty expense for the period include? O Credit to Estimated Warranty Payable $22,500 Debit to Estimated Warranty Payable $22,500 O Credit to Warranty Expense $22,500 Debit to Cash for $22,500 Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to record warranty expense for the period include? O Credit to Estimated Warranty Payable $22,500 Debit to Estimated Warranty Payable $22,500 O Credit to Warranty Expense $22,500 Debit to Cash for $22,500 Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to record warranty expense for the period include? O Credit to Estimated Warranty Payable $22,500 Debit to Estimated Warranty Payable $22,500 O Credit to Warranty Expense $22,500 Debit to Cash for $22,500 Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to record warranty expense for the period include? O Credit to Estimated Warranty Payable $22,500 Debit to Estimated Warranty Payable $22,500 O Credit to Warranty Expense $22,500 Debit to Cash for $22,500 Fortune Tea Co. estimates warranty costs to be 5% of sales. The sales for the period was $450,000. What does the journal entry to record warranty expense for the period include? O Credit to Estimated Warranty Payable $22,500 Debit to Estimated Warranty Payable $22,500 O Credit to Warranty Expense $22,500 Debit to Cash for $22,500
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