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Other Fields Homework Help Accounting Topic started by: bravata on Feb 21, 2017



Title: During the month, TNT Construction paid $278 to settle warranty claims. TNT uses an estimated ...
Post by: bravata on Feb 21, 2017
During the month, TNT Construction paid $278 to settle warranty claims. TNT uses an estimated warranty account. The journal entry to record the claims payment would have been:
A) debit Warranty expense, $278; credit Cash, $278.
B) debit Warranty expense, $278; credit Estimated warranty payable, $278.
C) debit Estimated warranty payable, 278; credit Warranty expense, $278.
D) debit Estimated warranty payable, $278; credit Cash, $278.


Title: Re: During the month, TNT Construction paid $278 to settle warranty claims. TNT uses an estimated ...
Post by: largerthanlife on Feb 21, 2017
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Title: Re: During the month, TNT Construction paid $278 to settle warranty claims. TNT uses an estimated ...
Post by: bravata on Jul 12, 2017
This is a life saver