Jumbo Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2017, the company had $610,000 of sales. In the same year, it paid out $9,000 of warranty payments. Which of the following is the entry needed to record the estimated warranty expense?

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The Answer of Jumbo Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2017, the company had $610,000 of sales. In the same year, it paid out $9,000 of warranty payments. Which of the following is the entry needed to record the estimated warranty expense?

Jumbo Sales Corporation Offers Warranties on All Their Electronic Goods