On December 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year Warranty that covers parts. Warranty expense is estimated at 8% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the Parts Inventory. Prepare the December 1 entry to record the mower sale (and cost of sale), the December 31 adjusting entry for estimated warranty liability, and the January 24 entry to record the warranty repairs. View transaction list Journal entry worksheet 2 3 4 > Record the estimated warranty expense. s Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general Journal