Masterpiece Sales Company offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods?

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The Answer of Masterpiece Sales Company offers warranties on all their electronic goods.Warranty expense is estimated at 3% of sales revenue.In 2019,the company had $603,000 in sales.In the same year,Masterpiece Sales replaced defective goods with goods that had a cost of $16,500.Which of the following is the entry needed to record the replacement of the defective goods?

Masterpiece Sales Company Offers Warranties on All Their Electronic Goods