Tower Electronics sold \(\$ 480,000\) of consumer electronics during June under a nine-month warranty. The cost to repair defects under the warranty is estimated at \(5 \%\) of the sales price. On August 16, a customer was given \(\$ 90\) cash under terms of the warranty.

Provide the journal entry for

(a) the estimated warranty expense on June 30 and

(b) the August 16 cash payment.

objs. \(2,3,4\)