Rambler, Inc. reported sales revenue for 2019 of $900,000. The products were sold with a...
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Rambler, Inc. reported sales revenue for 2019 of $900,000. The products were sold with a nine-month warranty. Members of Rambler's management estimate that the cost of the warranty will be equal to 7% of sales revenue. Which of the following will be included in the entry to record the actual amounts paid out as a result of warranty claims? O A. a debit to Estimated Warranty Payable for the actual amount of payments B. a debit to Warranty Expense for the actual amount of payments c. a credit to Estimated Warranty Payable for $63,50 D. a debit to Estimated Warranty Payable for $63,000 Click to select your
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