Top Posters
Since Sunday
j
3
s
3
j
2
J
2
e
2
n
2
t
2
d
2
b
2
t
2
J
2
b
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bravata bravata
wrote...
Go to Answer
Posts: 1417
Rep: 1 0
7 years ago
Northwest Electric had cash sales for the month totaling $73,200. Northwest offers a 6-month warranty on its services. If Northwest estimates warranty claims will equal 2% of sales, the journal entry to record the estimated warranty expense for the month is:
A) debit Warranty expense, $1,464; credit Cash, $1,464.
B) debit Warranty expense, $1,464; credit Estimated warranty payable, $1,464.
C) debit Warranty expense, $1,464; credit Sales revenue, $1,464.
D) debit Estimated warranty payable, $1,464; credit Warranty expense, $1,464.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 240 times
1 Reply
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bravata Author
wrote...

7 years ago
Thanks for your help!!
derya1234
wrote...

Yesterday
You make an excellent tutor!
DragonHeart
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  846 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 309
  
 290
  
 108