Bentacourt Copany sells aurtomaitc can openers under a 75-day warranty for defective mercandise. Based on past experience, betancourt estimates that 3% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or reparing a defective unit is $15. The units sold and units defective that occurred during the last 2 months of 2017 are as follows. Month- November, Units sold - 30,000, Units defective Prior to December 31 - 600 Prepare the journal entries to record the estimated liability for warranties and the cost incurred in honoring 1,000 warranty claims (Assume actual cost of $15,000.) Determine the estimated warranty liability at December 31 for the units sold in November and December