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Parker Company's balance sheet reflected Estimated Warranty Payable of $2,000 credit at the end of 2019, the current year. During 2020, the following year, Parker
Parker Company's balance sheet reflected Estimated Warranty Payable of $2,000 credit at the end of 2019, the current year. During 2020, the following year, Parker had sales of $200,000 and expects product warranties to cost the company 10% of sales. During 2020, Parker paid $17,000 for warranties. What is Parkers Estimated Warranty Payable balance at the end of 2020
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