15 A company estimates that warranty expense will be 5 of sales The company has sales of $225,000 for the current period The current period's entry to record the warranty expense is OA Estimated Warranty Liability 11, 250 Estimated Liability Expense 11,250 OB Warranty Liability Expense 11,250 Estimated Warranty Liability 11, 250 OC Warranty Expense 11,250 Estimated Warranty Liability 11,250 OD Warranty Liability 11, 250 Estimated Warranty Liability 11, 250 Question 15 A company estimates that warranty expense will be 5 of sales The company has sales of $225,000 for the current period The current period's entry to record the warranty expense is OA Estimated Warranty Liability 11, 250 Estimated Liability Expense 11,250 OB Warranty Liability Expense 11,250 Estimated Warranty Liability 11, 250 OC Warranty Expense 11,250 Estimated Warranty Liability 11,250 OD Warranty Liability 11, 250 Estimated Warranty Liability 11, 250

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15 A company estimates that warranty expense will be 5  of sales  The company has sales of $225,000 for the current period  The current period's entry to record the warranty expense is  OA  Estimated Warranty Liability    11, 250 Estimated Liability Expense  11,250 OB  Warranty Liability Expense     11,250 Estimated Warranty Liability    11, 250 OC  Warranty Expense        11,250 Estimated Warranty Liability 11,250 OD  Warranty Liability          11, 250 Estimated Warranty Liability   11, 250 Question 15 A company estimates that warranty expense will be 5  of sales  The company has sales of $225,000 for the current period  The current period's entry to record the warranty expense is  OA  Estimated Warranty Liability    11, 250 Estimated Liability Expense  11,250 OB  Warranty Liability Expense     11,250 Estimated Warranty Liability    11, 250 OC  Warranty Expense        11,250 Estimated Warranty Liability 11,250 OD  Warranty Liability          11, 250 Estimated Warranty Liability   11, 250

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15 A company estimates that warranty expense will be 5% of sales. The company has sales of $225,000 for the current period. The current period's

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