Southwest Company's records indicate that February sales on account were $111,000.The company's management estimates the liability for warranties to be 4.0% of sales.Please provide the journal entry to record warranty expense.
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Question

Southwest Company's records indicate that February sales on account were $111,000.The company's management estimates the liability for warranties to be 4.0% of sales.Please provide the journal entry to record warranty expense.
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Quizplus · Accepted Answer

The Answer of Southwest Company's records indicate that February sales on account were $111,000.The company's management estimates the liability for warranties to be 4.0% of sales.Please provide the journal entry to record warranty expense.
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Southwest Company's Records Indicate That February Sales on Account Were \begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}​​

Southwest Company's Records Indicate That February Sales on Account Were $\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$