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TNT Construction had cash sales for the month of June totaling $46,000. TNT offers a 1- year warranty on its construction services. If TNT estimates
TNT Construction had cash sales for the month of June totaling $46,000. TNT offers a 1- year warranty on its construction services. If TNT estimates warranty claims will equal 6% of sales, the journal entry to record the estimated warranty expense for the month is O A. debit Warranty expense, $2,760; credit Cash, $2,760 O B. debit Warranty expense, $2,760; credit Estimated warranty payable, $2,760. O C. debit Warranty expense, $2,760; credit Sales revenue, $2,760. O D. debit Estimated warranty payable, $2,760; credit Warranty expense, $2,760
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