f. The company offers a warranty for the services it sells. The expected cost of
ID: 2384925 • Letter: F
Question
f.The company offers a warranty for the services it sells. The expected cost of providing warranty service is 1.5% of the extermination services revenue of $57,560 for 2011. No warranty expense has been recorded for 2011. All costs of servicing warranties in 2011 were properly debited to the Estimated Warranty Liability account.
f.
The adjusted 2011 ending balances of the accounts for Warranty Expense and Estimated Warranty Liability.
Warranty Expense Estimated Warranty Liability
Ending balances after adjustment $ 843.40 $ .....?........
Explanation / Answer
sorry couldn't answer but this should help.god bless http://books.google.co.in/books?id=pGZBi_kSH_wC&pg=PA486&lpg=PA486&dq=The+adjusted+2011+ending+balances+of+the+accounts+for+Warranty+Expense+and+Estimated+Warranty+Liability.&source=bl&ots=47o6R3lwIB&sig=Vk5C_YgqFr43ae4KgN4Du0d0np0&hl=en&ei=IWvaTqifDo7yrQeyoqjbDQ&sa=X&oi=book_result&ct=result&resnum=1&ved=0CB0Q6AEwAA#v=onepage&q&f=false
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