A company estimates that warranty expense will be 4 of

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A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The current period's entry to record the warranty expense is:
A.

Warranty Expense	7,400
Sales		7,400

Warranty Expense	7,400
Estimated Warranty Liability		7,400

Estimated Warranty Liability	7,400
Estimated Warranty Expense		7,400

Warranty Liability	7,400
Cash		7,400

E. No entry is recorded until the items are returned for warranty repairs

Reference no: EM13453614

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