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What was the balance in the warranty liability account

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Question - Company A had a balance of $230,000 in its quality-assurance warranty liability account as of December 31, 2021. In 2022, some products sold were returned and repaired or replaced at a cost of $16,800. Company A's warranty expense is estimated be 3% of sales. Sales in 2022 were $1,750,000. What was the balance in the warranty liability account as of December 31, 2022?

Reference no: EM133180624

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