During February, Smith Company sold $350,000 in products that have a one-year warranty. Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account hos a credit balance of $11.200 before adjustment Customers returned products for warranty repairs during the month that used $7,800 in parts for repairs. The entry to record the estimated warranty expense for the month is: Multiple Choice Debit Estimated Warranty Liability $7800; credit Warranty Expense $7800 Debit Estimated Warranty Liably $14.000; credit Warranty Expome $4,000 Debt Worronty Expense $2,000 credit Estimated Warranty Libility $2,800 Deba Warranty Expense $10,600; credit Estimated Warranty Libilly $10.600