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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
Evergreen Roofing had cash sales for the month totaling $33,500. Evergreen offers a 1-year warranty on its roofing services. If Evergreen estimates warranty claims will equal 3% of sales, the journal entry to record the estimated warranty expense for the month is:
A) debit warranty expense $1,005; credit Cash $1,005.
B) debit estimated warranty expense $1,005; credit warranty payable $1,005.
C) debit warranty expense $1,005; credit Sales Revenue $1,005.
D) debit warranty expense $1,005; credit Estimated Warranty Payable $1,005.
Textbook 
Financial Accounting

Financial Accounting


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