The accounting records of EarthtoneCeramics included the following at January 1, 2016 Estimated Warranty Payable...
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The accounting records of EarthtoneCeramics included the following at January 1, 2016 Estimated Warranty Payable 4000 flee la In the past, Earthtone's warranty expense has been 8 %of sales. During 2016, Earthtonemade sales of $ 175,000 and paid 59,000 to satisfy warranty claims Recurements 1. Journalize Earthtone's warranty expense and warranty payments during 2016 2. What balance of Estimated Warranty Payable will Earthtonereport on its balance sheet at December 31, 2016
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