Which of the Following Is Included in the Entry to Record

question 98

Multiple Choice

Which of the following is included in the entry to record estimated warranty payable?

• A) A credit to Estimated warranty payable
• B) A credit to Inventory
• C) A credit to Warranty expense
• D) A debit to Estimated warranty payable

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Definitions:

Bill of Lading

A legal document between a shipper and a carrier detailing the type, quantity, and destination of the goods being transported.

Carrier

An entity or company that provides transportation services for goods, specializing in moving products from one location to another.

Claim

An assertion of the truth of something, typically one that is disputed or in doubt.

Motor Carrier Cost

The expenses involved in transporting goods via motor vehicles, including fuel, maintenance, and driver wages.