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A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $260.000. The current period's entry to

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A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $260.000. The current period's entry to record the warranty expenses O Debe Estimated Warranty Liby55,380 Ch Cash $5.380 O No eetry is recorded until the terms are returned for watery repairs O De Estimated Warranty Liby55.380 cred Warranty Experte $500 O O Debit Warranty Expense $5.380 creates $5.380 O O De Way pense r som led Warranty 15.300

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