The Super Cool Car Company estimates warranty expense at 3% of revenue. Revenue during January were $4 million and warranty payments during the month totaled $46,000. Beginning balance in the warranty payable account is $32,000. What was the balance in the Warranty Payable account at the end of January? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

The Super Cool Car Company estimates warranty expense at 3% of revenue. Revenue during January were $4 million and warranty payments during the month totaled $46,000. Beginning balance in the warranty payable account is $32,000. What was the balance in the Warranty Payable account at the end of January? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

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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