a. During Year 7, ECU Corporation estimates WARRANTY EXPENSE related to product warranties as equal to 2.5% of its $15,000,000 in sales/leading to an increase in WARRANTY PAYABLE. Phrase 1st: 2nd: Account Date Accounts Category Affect Dr. or Cr. AL SERE contra Dr Cr AL SERE contra Dr Cr Debit Credit b. In Year 8 ECU Corporation reduces its WARRANTY PAYABLE by honoring warranty claims from customers/