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



Title: During the month, Northwest Electric paid $582 to settle warranty claims. Northwest uses an ...
Post by: bravata on Feb 21, 2017
During the month, Northwest Electric paid $582 to settle warranty claims. Northwest uses an estimated warranty account. The journal entry to record the payment would have been:
A) debit Estimated warranty payable, $582; credit Cash, $582.
B) debit Warranty expense, $582; credit Estimated Warranty payable, $582.
C) debit Estimated warranty payable, 582; credit Warranty expense, $582.
D) debit Warranty expense, $582; credit Cash, $582.


Title: Re: During the month, Northwest Electric paid $582 to settle warranty claims. Northwest uses an ...
Post by: largerthanlife on Feb 21, 2017
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