A company estimates that warranty expense will be 3% of sales. The company's sales for the current period are $248,000. The current period's entry to record the warranty expense is: Multiple Choice Debt Warranty Expense 57440 credit Soles 57440 . Dobil Warranty Expense 57A40 credit Estimated Warranty Liability $7.440 Dobit tatimored Warramy Libility S7A10 credit Warranty Expense $2,930. Debit matia Wormy inity $700 cred Cash $7440 No entry is recorded until them are returned for warranty repair