Holland Company estimates its annual warranty expense as 2% of annual net sales. The following data relate to the calendar year 2014: Which one of the following entries was made to record the 2014 estimated warranty expense?(assume the accrual method)

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Holland Company estimates its annual warranty expense as 2% of annual net sales. The following data relate to the calendar year 2014:  Which one of the following entries was made to record the 2014 estimated warranty expense?(assume the accrual method)

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The Answer of Holland Company estimates its annual warranty expense as 2% of annual net sales. The following data relate to the calendar year 2014:  Which one of the following entries was made to record the 2014 estimated warranty expense?(assume the accrual method)

Holland Company Estimates Its Annual Warranty Expense as 2% of Annual