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  3. rocky's roofing had cash sales for the month total

Rocky's Roofing had cash sales for the month totaling $42,000. Rocky offers a 1-year warranty...

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Accounting

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Rocky's Roofing had cash sales for the month totaling $42,000. Rocky offers a 1-year warranty on its roofing services. If Rocky estimates warranty claims will equal 3% of sales, what is the journal entry to record the estimated warranty expense for the month? OA. Debit warranty expense $1,260, credit Sales Revenue $1,260 O B. Debit warranty expense $1,260, credit Estimated Warranty Payable $1,260 O C. Debit estimated warranty expense $1,260; credit warranty payable $1,260 O D. Debit warranty expense $1,260; credit Cash $1,260

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