Arc Digital Starts the Year with Balances in Its Estimated

question 126

Multiple Choice

Arc Digital starts the year with balances in its Estimated warranty payable account and Warranty expense account as shown below.During the year,there were $190,000 of sales and $3,200 of warranty repair payments.Arc Digital estimates warranty expense at 1.5% of sales.
- At the end of the year,what was the balance in the Warranty expense account?

• A) $2,850 debit
• B) $1,250 credit
• C) $3,200 debit
• D) $1,420 debit

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Definitions:

Family's Faith

Pertains to the shared religious beliefs and practices within a family, which influence values, traditions, and daily routines.

Family Functions

The roles and activities that families perform to meet the needs of its members and society at large, such as providing physical care, emotional support, education, and socialization.

Funds of Knowledge

This concept refers to the knowledge and skills that families and communities pass down through generations, highlighting the cultural wealth present in diverse households.

Families in Poverty

Households experiencing severe financial hardship and struggling to meet basic needs due to low income.