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State Street Digital, Inc. starts the year with $3,300 in its Estimated Warranty Payable account. During the year, there were $227,000 in sales and $5,200
State Street Digital, Inc. starts the year with $3,300 in its Estimated Warranty Payable account. During the year, there were $227,000 in sales and $5,200 in warranty repair payments. State Street Digital estimates warranty expense at 2% of sales. The Warranty Expense for the year is A. $2,640 . $5,200 . $3,300 D. $4,540
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