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Pls help me Pedal Power Products Company seis Bicycles for 3 0 with a 30-day Warranty against defects. Past experience indicates that of the bicycles

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Pedal Power Products Company seis Bicycles for 3 0 with a 30-day Warranty against defects. Past experience indicates that of the bicycles will have a delect and that the necessary repairs will cost $32 per bicycle Sales for May were $216,000; 20 units sold in May were found defective and repaired that month. What is the May 31 journal entry for the estimated liability for product warranties? Select one: A Estimated Liability for Product Warranty Product Warranty Expense 1,088 1,088 B. Product Warranty Expense Estimated Liability for Product Warranty 1,088 1,088 C Product Warranty Expense Estimated Liability for Product Warranty 640 640 D. Estimated Liability for Product Warranty Product Warranty Expense 1,728 1,728

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