During August, Boxer Company sells $357,000 in merchandise that has a one-year warranty. Experlence shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $12,900 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9.500 in parts for repairs. The entry to record the customer warranty repairs is: Debit Estimated Warranty Liability $14,280; credit. Parts Inventory $14.280. Debit Warranty Expense $9,500; credit Estimated Warranty Liability $9,500. Debit Warranty Expense \$14,280; credit Estimated Warranty Liability $14,280. fury Debit Warranty Expense $10.880; credit Estimated Warranty Liability $10.880. Debit Estimated Warranty Liability 59.500; credit Parts Inventory $9.500