Monthly sales are $520,000. Warranty costs are estimated at 3% of monthly sales. Warranties are honored with replacement products. No defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to: OA. Inventory for $15,600. B. Accrued Warranty Payable for $15,600. OC. Sales for $15,600. O D. Warranty Expense for $15,600. CLIVE

Montily sales are $520,000. Waranty costs ave estimated at 3% of monely ssies. Warrantes are honoced with replaceenent prodicts. No defective products ace retumed during the month At tre end of the month, the congony whould record a joumal entry wen a credit to: A. Inventary for $15,600 a. Accrued Waranty Payable for $15,600. C. Sales for $15,600. D. Wactanty Expense for $15,600