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Classic Sales Corporation offers warranties on all their electronic goods, Warranty expense is estimated at 4% of sales revenue. In 2018, the company had 600.000

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Classic Sales Corporation offers warranties on all their electronic goods, Warranty expense is estimated at 4% of sales revenue. In 2018, the company had 600.000 of sales. In the same year, it paid out $8.500 of warranty payments. Which of the following is the entry needed to record the estimated warranty expense? 8.500 8,500 24,360 24,360 O A Warranty Expense Estimated Warranty Payable OB. Warranty Expense Sales Revenue OC. Estimated Warranty Payable Cash O D. Warranty Expense Estimated Warranty Payable 8,500 8,500 24,360 24,360

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