Multiple Choice
Saran Digital,Inc.starts the year with $3,500 in its Estimated Warranty Payable account.During the year,there were $226,000 in sales and $5,000 in warranty repair payments.Saran Digital estimates warranty expense at 4% of sales.The Warranty Expense for the year is ________.
A) $9,040
B) $5,000
C) $3,500
D) $7,540
Correct Answer:
Verified
Correct Answer:
Verified
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