Northwest Electric had cash sales for the month totaling $74,000. Northwest offers a 6-month warranty on its services. If Northwest estimates warranty claims will equal 4% of sales, what is the journal entry to record the estimated warranty expense for the month? A. Debit Warranty expense, 2,960; credit Sales revenue, $2,960 B. Debit Warranty expense, 2,960; credit Cash, 2,960 OC. Debit Estimated warranty payable, $2,960; credit Warranty expense, $2,960 D. Debit Warranty expense, $2,960, credit Estimated warranty payable, $2,960