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Question 30 5 pts Monthly sales are $675,000. Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. $21.980 in

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Question 30 5 pts Monthly sales are $675,000. Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. $21.980 in defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to: O Inventory for $21.980. Estimated Warranty Expense for $21.980 O Warranty Expense for $33,750. O Estimated Warranty Payable for $33,750

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