During August, Boxer Company sells $362,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price. The warranty liability account has a credit balance of $13.400 before adjustment Customers returned merchandise for warranty repairs during the month that used $10,000 in parts for repairs. The entry to record the customer warranty repairs is: Multiple Choice Debit Estimated Warranty Liability 518,100; credit Parts Inventory $18,900. Debit Estimated Warranty Liability $10,000 credit Parts inventory $10,000 Debit Warranty Expense $18.100: credit Estimated Warranty Liability $18100