Business, 21.04.2020 00:56 Anikarenee

During august, boxer company sells $361,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,300 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,900 in parts for repairs. the entry to record the estimated warranty expense for the month is:

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During august, boxer company sells $361,000 in merchandise that has a one year warranty. experience...