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During the month, TNT Construction paid $700 to settle warranty claims. TNT uses an estimated warranty account. The journal entry to record the claims payment

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During the month, TNT Construction paid $700 to settle warranty claims. TNT uses an estimated warranty account. The journal entry to record the claims payment would have been: A. debit Estimated warranty payable, $700; credit Cash. $700. B. debit Estimated warranty payable, $700; credit Warranty expense, $700. C. debit Warranty expense. $700; credit Estimated warranty payable. $700. D. debit Warranty expense, $700; credit Cash. $700

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