In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimate

Question

In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2016?

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Raelynn 2 weeks 2021-09-10T09:29:18+00:00 1 Answer 0

Answers ( )

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    2021-09-10T09:31:02+00:00

    Answer:

    just calculate

    Step-by-step explanation:

    (400 x 350)x 1/50

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