OBJ.S EarlKeen Co. sold $260,000 of equipment during January under a one-year warranty. The cost to repair defects under the warranty is estimated at 4% of the sales price. On August EE 11.7 p 556 PE 11-7A Estimated warranty liability uired a $100 part replacement plus $50 of labor under the warranty. Provide the journal entry for (a) the estimated warranty expense on January 31 for January sales and (b) the August 15 warranty work