Estimated Warranty Liability Oven Roasted Co. sold $164,000 of equipment during January under a two-year warranty. The cost to repair defects under the warranty is estimated at 7.5% of the sales price. On August 15, a customer required a $223 part replacement, plus $217 of labor under the warranty. Required: (a) Provide the journal entry for the estimated warranty expense on January 31 for January sales. Jan. 31 (b) Provide the journal entry for the August 15 warranty work. If an amount box does not require an entry, leave it blank. Aug. 15