User Account

All Pages

What the balance in the estimated warranty payable account

Assignment Help Accounting Basics
Reference no: EM132043214

Question - Sara Digital starts the year with $2,500 in its Estimated Warranty Payable account. During the year, there were $210,000 of sales and $4,500 of warranty repair payments. Sara Digital estimates warranty expense at 2% of sales. At the end of the year, what was the balance in the Estimated Warranty Payable account?

$4,200 debit

$4,500 credit

$2,500 debit

$2,200 credit

Reference no: EM132043214

Questions Cloud

Investigative processes of the ntsb : Explain the purpose, duties and investigative processes of the NTSB including the Party Process and clarify the statement that the NTSB is an independent agency
Calculate the bonus allowable to the employees : Royal Clothes has performed admirably for the financial year 2014. Calculate the bonus allowable to the employees
Alzheimer society organization : What programs, activities, and services does the Alzheimer Society organization offer and does it have any membership requirements.
Find a news article with a focus on legal consequences : Find a news article with a focus on legal consequences of communication.Write an article review about this choice.
What the balance in the estimated warranty payable account : Sara Digital estimates warranty expense at 2% of sales. At the end of the year, what was the balance in the Estimated Warranty Payable account
Corporate structure on organizational performance : Explain what it means by "structure follows strategy' and explain the impact of corporate structure on organizational performance
Explain how contingency models of leadership enhance : Explain how contingency models of leadership enhance our understanding of effective leadership and management in organizations.
Should you ask for the identity-revealing information : Should you ask for the identity-revealing information if three of your employees that recently completed an attitude survey reported been harassed by senior
How much goodwill did server solutions purchase : The fair market value of its liabilities was $100,000. How much goodwill did Server Solutions purchase as part of the acquisition of Tabletz

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd