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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 2, 2016



Title: Bespoke, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. ...
Post by: H3Ko on Sep 2, 2016
Bespoke, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2017, the Estimated Warranty Payable account had a credit balance of $1,900. During the year, Bespoke had $296,000 in sales and had to pay out $5,900 in warranty payments. At the end of the year, what is the closing balance in the Estimated Warranty Payable accounts?
A) $7,800
B) $8,460
C) $6,360
D) $10,360


Title: Re: Bespoke, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of ...
Post by: Mrgo-breed on Sep 2, 2016
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Title: Re: Bespoke, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation


Title: Re: Bespoke, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. ...
Post by: Mrgo-breed on Oct 16, 2016
I'm liking this :)