Question Completion Status 2 points Sant QUESTION 23 Vargas, Inc. sold goods with a selling price of $50,000 in 2019 and estimated 5% warranty expense for the year. Customers complained of defects, and goods with a cost of $1500 had to be replaced. Which of the following is the correct journal entry for honoring the warranties with goods? A) Estimated Warranty Payable 1500 Cash 1500 B] Estimated Warranty Payable Merchandise Inventory 1500 1500 1500 C) Warranty Expense Merchandise Inventory 1500 D) Estimated Warranty Payable Warranty Expense 1500 1500