At January 1,2019,the Accrued Warranty Payable is $1,000.During 2019,the company recorded Warranty Expense of $19,100.During 2019,the company replaced defective products in accordance with product warranties at a cost of $12,400.What is the Accrued Warranty Payable at December 31,2019?

Question

Quizplus · Accepted Answer

Beginning Balance $1,000 + Warranty Expense $19,100 - Warranties Met $12,400 = $7,700

At January 1,2019,the Accrued Warranty Payable Is $1,000