A company sells computers that come with a 3-year warranty. The company estimates that Warranty...
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A company sells computers that come with a 3-year warranty. The company estimates that Warranty expense is, on average, 3% of sales. During the current year, total sales were $2243457, and the company paid $2039 to repair various computers that are under warranty. The warranty liability at the beginning of the year was $28962. What is the balance in the warranty liability account at the end of the year? Select one: a. $65265 b. $36303 O c. $94227 d. $26923 Check
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