Hunter's Home Remodeling had cash sales for the month of May totaling $48,000....
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Hunter's Home Remodeling had cash sales for the month of May totaling $48,000. Hunter offers a 1 - year warranty on its construction services. If Hunter estimates warranty claims will equal 5% of sales, what is the journal entry to record the estimated warranty expense for the month? OA. Debit Warranty expense, $2,400; credit Estimated warranty payable, $2,400 O B. Debit Estimated warranty payable, $2,400, credit Warranty expense, $2,400 O c. Debit Warranty expense, $2.400, credit Cash, $2,400 O D. Debit Warranty expense, $2,400; credit Sales revenue, $2,400
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