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Bison Company reported sales revenue for 2013 of $900,000. The products were sold with a nine-month warranty. Members of Bison's management estimate the cost of

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Bison Company reported sales revenue for 2013 of $900,000. The products were sold with a nine-month warranty. Members of Bison's management estimate the cost of the warranty will be equal to 5% of sales revenue. Which of the following will be included in the entry to record the actual amounts paid out as a result of warranty claims? Select one: a. a debit to Estimated Warranty Payable for $45,000 O b. a debit to Estimated Warranty Payable for the actual amount of payments c. a debit to Warranty Expense for the actual amount of payments O d. a credit to Estimated Warranty Payable for $45,000 Clear my choice

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