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please answer fast On October 1, 2024, Metlock Company sells 4300 microwaves at an average price of $430. The product includes a one-year warranty on
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On October 1, 2024, Metlock Company sells 4300 microwaves at an average price of $430. The product includes a one-year warranty on parts. Based on past experience, it is expected that 2% will be defective, and that warranty repair costs will average $121 per unit. Which of the following is the correct entry to record the accrual for the warranty cost? Warranty Expense 4235 Warranty Liability 4235 Warranty Expense 10406 Warranty Liability 10406 Warranty Expense 86 Cash 86 Warranty Expense 1210 Cash 1210Step by Step Solution
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