Homework Answers
WORKING NOTE :
warranty expenses 2020 : 600000*2% = 12000
warranty expenses 2021: 600000*4% + 1000000*2% = 44000
2) CURRENT LIABILITY
Current liability 2020 : 12000 ( accrued ) - 9000 (paid ) = 3000
current liability 2021 : 44000 ( accrued ) - 30000 ( paid ) = 14000
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