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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
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.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
This is a life saver
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