Estimated warranty liability

$$

Instructions

Quantas Industries sold $$325,000$ of consumer electronics during July under a nine$-$month warranty. The cost to repair defects under the warranty is estimated at $4\mathrm{.}5\%$ of the sales price. On November $11,$ a customer was given $$220$ cash under terms of the warranty.

Journalize the entry to record $($a$)$ the estimated warranty expense on July $31$ for July sales on page $10$ of the journal, and $($b$)$ the November $11$ cash payment on page $14$ of the journal. Refer to the Chart of Accounts for exact wording of account titles.