Estimated Warranty Liability Yummy Co. sold $454,000 of consumer electronics during May under a two-year warranty. The cost to repair defects under the warranty is estimated at 5% of the sales price. On October 10, a customer was given $232 cash under terms of the warranty. (a) Provide the journal entry for the estimated warranty expense on May 31 for May sales. May 31 (b) Provide the journal entry for the October 10 cash payment. Oct. 10