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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, 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.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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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
Thank you, thank you, thank you!
aricketts6@
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Yesterday
This helped my grade so much Perfect
gma_of_7
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2 hours ago
this is exactly what I needed
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