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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

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 CA Warranty Expense 11,250 Estimated Warranty Liability 11, 250 On Warranty Liability... 11,250 Estimated Warranty Liability.. 11, 250 OC Warranty Liability Expense 11,250 Estimated Warranty Liability 11, 250) Op Estimated Warranty Liability. 11, 2501 Estimated Liability Expense. 11. 250

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