Strawberry Company starts the year with

$3500

in its Estimated Warranty Payable account. During the year, there were

$218,000

in sales and

$5400

in warranty repair payments. Strawberry estimates warranty expense at

3%

of sales. The Warranty Expense for the year is\

$4640

\

$6540

\

$3500

\

$5400

Strawberry Company starts the year with $3500 in its Estimated Warranty Payable account. During the year, there were $218,000 in sales and $5400 in warranty repair payments. Strawberry estimates warranty expense at 3% of sales. The Warranty Expense for the year is $4640 $6540 $3500 $5400