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Ecco Company sold $130,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 5% of

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Ecco Company sold $130,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 5% of the sales price. On October 15 , a customer required a $240 part replacement, plus $88 labor under the warranty. Complete the adjusting entry for warrany expense in September and the entry for the warranty replacement in October. \begin{tabular}{|l|l|l|l|} \hline Date & Account & Debit & Credit \\ \hline 10/15 & [warranty liability] & & \\ \hline & [answer] & [answer] \\ \hline \end{tabular}

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