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Business, 27.11.2019 03:31 xxbriannahollandxx

White hat digital, inc. starts the year with a credit balance of $3,400 in its estimated warranty payable account. during theyear, there were $225,000 in sales and $$5,400 in warranty repair payments. white hat digital estimates warranty expense at 2% of sales. at the end of the year, what is the balance in the estimated warranty payable account?

a.$2,500

b.$4,500

c.$3,400

d.$5,400

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Answers: 3

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