Answer:
Debit warranty expense $14,120 ; Credit estimated warranty liability $14,120
Explanation:
Per the above information, the journal entry to record the customer warranty expense for the month is;
Warranty expense Dr. $14,120
To estimated warranty liability Cr. $14,120
The estimated liability is computed on credit sales for the year and the estimated percentage.
Given that;
Credit sales for the year = $353,000
Estimated percentage of credit sales = 4%
Therefore,
Estimated warranty liability
= $353,00 × 4%
= $14,120
Answer:
The correct answer will be to the following question will be Option E.
Explanation:
- The bond capacitance value seems to be equivalent to the cost of all payouts at the end of the occurrence actual purchase-including its relationship (this same time including its initial sale of the partnership).
- Annuity payments are referred to as financing amount or payments. Throughout the scenario of government securities, discount code payments should be made whether in half-yearly as well as annual basis. This is close to the charging of interest.
Other given options are not related to the given situation. So that option E seems to be the right answer.
Answer:
A.Volunteering time
Explanation:
I just took the quiz and got it right.
Answer: The correct answer is A
Explanation: