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  3. 520 cranky corporation grants an 18-month warranty

520 Cranky Corporation grants an 18-month warranty on all product sold. Historically, approximately 1% of...

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520 Cranky Corporation grants an 18-month warranty on all product sold. Historically, approximately 1% of all sales prove to be defective. Sales in March 2018 total $450,000 and Cranky started March with a balance in the Warranty Obligation of $52,000. Also during March, Cranky paid $3,800 repairing defective units under warranty. Select the entry below that Cranky should record in March 2018 for warranty expense. O A. None of the answer provided are correct. . Warranty 520 Payable Cash OC Warranty 3,800 Expense Cash 3,800 OD Warranty 3,800 Payable Cash 3,800 OE Warranty Expense 4,500 Warranty 4,500 Payable

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