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