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What is ses estimated warranty payable at the end

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Problem - Smith Electic (SE) owed Estimated Warranty Payable of $1, 100 at the end of 2023. During 2024, SE made sales of $120,000 and expects product warranties to cost the company 5% of the sales. During 2024, SE paid $2,300 for warranties. What is SE's Estimated Warranty Payable at the end of 2024?

Reference no: EM132960073

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