Warble Estimated Warranty

by | Jun 13, 2021 | Assignment Help

The first question is below and the homework is attached (uploaded).Warble Inc. extended a one-year warranty covering parts to Delta Inc. Warble estimates warranty expense at 1.5% of cost. On October 2, 20X1, the equipment required warranty work involving $1,800 of labour and $700 in parts.

Warbles Estimated warranty liability account at January 1, 20X1, showed a $12,000 balance.

What is Warble Estimated warranty expense on October 2?$0$700$2,500$4,050

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