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Submit QUIZ Noir Chat Limited, a new company, made sales of 19.000 units at a cost of $40 per unit. The company offers a one-year
Submit QUIZ Noir Chat Limited, a new company, made sales of 19.000 units at a cost of $40 per unit. The company offers a one-year warranty that replaces any defective units with a new one The company estimated warranty replacements at 2.5 percent of units sold. Noir Chat's actual warranty replacements were 370 units. Record warranty expense and warranty payments on December 31. How much is Noir Chat's estimated warranty payable at the end of the period? Date Accounts Debit Credit Dec 36960 31 Warranty Expense Estimated Warranty Payable 36960 Now record the journal entry for the warranty payments made during the year General Journal Date Accounts Debit Credit Dec 31 Estimated Warranty Payable 31710 Inventory 31710 How much is Noir Chat's estimated warranty payable at the end of the period? (Round your answer to the nearest whole dollar.) h Noir Chat has a balance of at the end of the period
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