Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 4.75 pts The Super Cool Car Company estimates warranty expense at 3% of revenue. Revenue during January were $4 million and warranty payments

image text in transcribed
Question 5 4.75 pts The Super Cool Car Company estimates warranty expense at 3% of revenue. Revenue during January were $4 million and warranty payments during the month totaled $46,000. Beginning balance in the warranty payable account is $4,000. What was the balance in the Warranty Payable account at the end of January? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internet Supply Chain Impact On Accounting And Logistics

Authors: D. Chorafas

5th Edition

0333949633, 9780333949634

More Books

Students also viewed these Accounting questions

Question

c. What is the persons contact information?

Answered: 1 week ago