State Street Digital Company starts the year with $3500 in its Estimated Warranty Payable account.During the year,there were $213,000 in sales and $4900 in warranty repair payments.State Street Digital estimates warranty expense at 4% of sales.The Warranty Expense for the year is ________.
A) $8520
B) $4900
C) $3500
D) $7120

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State Street Digital Company Starts the Year with $3500 in Its