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Classic Sales Company offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2018, the company had $606,000

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Classic Sales Company offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2018, the company had $606,000 of sales In the same year, it paid out $18,500 of warranty payments. Which of the following is the entry needed to record the estimated warranty expense? 18,180 18,180 18,180 18,180 O A Warranty Expense Estimated Warranty Payable O B. Warranty Expense Sales Revenue OC. Estimated Warranty Payable Cash OD. Warranty Expense Estimated Warranty Payable 18,500 18,500 18,500 18.500 Classic Sales Company offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales reve In the same year, it paid out $18,500 of warranty payments. Which of the following is the entry needed to record the estim 18,180 18,180 18,180 O A. Warranty Expense Estimated Warranty Payable O B. Warranty Expense Sales Revenue OC. Estimated Warranty Payable " Cash OD. Warranty Expense Estimated Warranty Payable 18,500 18,500 18,500 18,500 nic goods. Warranty expense is estimated at 3% of sales revenue. In 2018, the company had $606,000 of sales. Which of the following is the entry needed to record the estimated warranty expense? 18,180 18,180 18,500 18,500

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