Saran Digital Inc

question 108

Multiple Choice

Saran Digital Inc.starts the year with $2,500 in its Estimated Warranty Payable account.During the year,there were $210,000 of sales and $4,500 of warranty repair payments.Saran Digital estimates warranty expense at 2% of sales.The journal entry to record this will include a debit to Warranty Expense for ________.

• A)$4,200
• B)$4,500
• C)$2,500
• D)$2,200

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Definitions:

Christian Liberty

The concept in Christian theology that believers are freed from the penalties of sin by faith in Jesus Christ, leading to a moral life guided by the Spirit.

Religious Toleration

The acceptance of different religious beliefs and practices, allowing individuals to worship according to their own faiths without persecution.

Generosity

The quality of being kind and generous, often characterized by a willingness to give more of something, such as time or money, than is strictly necessary or expected.

Social Qualities

Social qualities refer to the characteristics, traits, and behaviors that facilitate social interaction and acceptance, including empathy, communication skills, and the ability to work collaboratively with others.