Mathematics, 08.03.2021 02:10 petertester7up

During June, Vixen Company sells $850,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 3% of the selling price. Customers returned $14,000 of merchandise for warranty replacement during the month. The entry to record the estimated warranty liability at the end of the month is:

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During June, Vixen Company sells $850,000 in merchandise that has a one year warranty. Experience sh...