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White Hat Digital, Inc. starts the year with a credit balance of $ 2600 in its Estimated Warranty Payable account. During the year, there were
White Hat Digital, Inc. starts the year with a credit balance of $ 2600 in its Estimated Warranty Payable account. During the year, there were $ 214 000 in sales and $ 5000 in warranty repair payments. White Hat Digital estimates warranty expense at 3 % of sales. At the end of the year, what is the balance in the Estimated Warranty Payable account?
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