3. Oxy Inc. sells products with warranties included in the selling price. By law, Oxy is required to charge 8% sales tax. During October, Oxy sold $10,000 worth of products costing $8,000 for cash Oxy estimates warranty costs to be 1% of selling price. During October, Oxy made $90 of repairs under warranty (paid in cash) On October 31, Oxy remitted all sales tax collected during the month to the state government. a Journalize all of Oxy's transactions for the month of October. e maance s waran babiy acsnober 1at s the biance s C. Is sales tax payable a contingent liability? Why or why not? is the waranty liability a d. l iraay lny genliany? VViy or winy o