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Masterpiece Sales Corporation Offers Warranties on All Their Electronic Goods

Question 166

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Masterpiece Sales Corporation offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods?


A)
Masterpiece Sales Corporation offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods? A) B) C) D)
B)
Masterpiece Sales Corporation offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods? A) B) C) D)
C)
Masterpiece Sales Corporation offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods? A) B) C) D)
D)
Masterpiece Sales Corporation offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods? A) B) C) D)

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