Brief Exercise 11-06 On December 1, Sunland Company introduces a new product that includes a one year warranty on parts. In December, 1,700 units are sold. Management believes that 5% of the units will be defective and that the average warranty costs will be $90 per unit. RESOURCES Practice h 11 fcise 11-03 al- Leve! on) srcise 11-04 ercise 11-06 Arcise 11-11 eview 11-01 Prepare the adjusting entry at December 31 to accrue the estimated warranty cost, assuming no warranty claims have been honored to date. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Warranty Expense core esults by Study Repair Parts Click if you would like to Show Work for this question: Open Show Wet SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 3 used