Estimated Warranty Liability uantas Indus nes sold $325,000 of consumer electronics during Ju under terms of the warranty. under a nine-month warranty. The cost to repair defe under the amanty is estimated at 4.5% of the sales pnce. On November 11, a customer was given $220 cash (a) Provide the journal entry for the estimated warranty expense on July 31 for July sales. July 31 (b) Provide the journal entry for the November 11 cash payment Nov. 11