atek Watch Company estimates that warranty costs will equal 2% of sales. In September, total sales equaled $400,000 and warranty claims were 4,700. If the September beginning balance in warranty payable was $7,200, what was the September ending balance in warranty payable? OA. $3,300 B. $3,900 OC. $8,000 OD. $10,500 OE. $10,800

atek Watch Company estimates that warranty costs will equal 2% of sales. In September, total sales equaled $400,000 and warranty claims were 4,700. If the September beginning balance in warranty payable was $7,200, what was the September ending balance in warranty payable? OA. $3,300 B. $3,900 OC. $8,000 OD. $10,500 OE. $10,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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