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Strawberry Company starts the year with $3400 in its Estimated Warranty Payable account. During the year, there were $217,000 in sales and $4800 in warranty
Strawberry Company starts the year with $3400 in its Estimated Warranty Payable account. During the year, there were $217,000 in sales and $4800 in warranty repair payments. Strawberry estimates warranty expense at 2% of sales. The Warranty Expense for the year is 0 $4340 $3400 $4800 O $2940
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