Estimated warranty liability

Yummy sold $$424,000$ of consumer electronics during July under a one$-$year warranty. The cost to repair defects under the warranty is estimated at $6\%$ of the sales price. On November $11,$ a

customer was given $$232$ cash under terms of the warranty.

a$.$ Journalize the entry to record the estimated warranty expense on July $31$ for July sales. If an amount box does not require an entry, leave it blank.

July $31$

:

b$.$ Journalize the entry to record the November $11$ cash payment. If an amount box does not require an entry, leave it blank.

Nov. $11$