A company makes computer monitors that sell for $200. Year 2020 sales are 5,000 units. It estimates that 1% of the units will need to be replaced within the warranty period. The journal entry to record the warranty liability would include which of the following: A debit of $10,000 to the warranty liability account. A credit to merchandise inventory for $10,000. A credit to cash for $1,000 A credit to the warranty expense of $10,000. A debit of $10,000 to the warranty expense account