=+PE 11-7A Estimated warranty liability obj. 5 EE 11-7 p. 505 Robin Industries sold $350,000 of consumer electronics during May under a nine-month warranty. The cost to repair defects under the warranty is estimated at 3% of the sales price. On July 16, a customer was given $140 cash under terms of the warranty.

Provide the journal entry for

(a) the estimated warranty expense on May 31 and