Bookmarks Profiles Tab Window Help 79% Fri 2:30 PM One Hux one hur x Stepher X The 7 X Stephe tesla's X WFMC x My Hex Canga X + takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false 0 C eBook Show Me How Estimated Warranty Liability Quantas Industries sold $325,000 of consumer electronics during July under a nine-month warranty. The cost to repair defects under the warranty is estimated at 4.5% of the sales price. On November 11, a customer was given $220 cash under terms of the warranty Required: (a) Provide the journal entry for the estimated warranty expense on July 31 for July sales July 31 Product Warranty Expense Product Warranty Payable Check My Wor Contingent liability entries are needed when the amount can be reasonably estimated and the ability probate Recorded contingentes blow the matching concept Contingent abilities are an accrued expeme adjusting (b) Provide the journal entry for the November 11 cash payment. Nov. 11 Product Warranty Payable Cash What is the concany una set Check My Work 325,000 X Previous Not All work saved Save and Exit Submit Assignment for Grading