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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
What entry is required when a business estimates warranty payable each period based on sales revenue?
A)
Estimated Warranty Payable
          Warranty Expense

B)
Warranty Expense
          Sales

C)
Warranty Expense
          Estimated Warranty Payable

D)
Inventory
          Estimated Warranty Payable
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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harra Author
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#2
6 years ago
Great answer
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