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Author Question: Hunter's Home Remodeling had cash sales for the month of May totaling $43,700. Hunter offers a ... (Read 78 times)

formula1

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on: Feb 18, 2020
Hunter's Home Remodeling had cash sales for the month of May totaling $43,700. Hunter offers a 1-year warranty on its construction services. If Hunter estimates warranty claims will equal 6% of sales, what is the journal entry to record the estimated warranty expense for the month?
◦ Debit Warranty expense, $2,622; credit Sales revenue, $2,622
◦ Debit Estimated warranty payable, $2,622; credit Warranty expense, $2,622
◦ Debit Warranty expense, $2,622; credit Cash, $2,622
◦ Debit Warranty expense, $2,622; credit Estimated warranty payable, $2,622
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by formula1 on Feb 18, 2020

sailorcrescent

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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formula1

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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