*Question Completion Status: QUESTION 7 Oak Park Appliances, Inc. sells food processors for $600 with a 120-day warranty against defects. Past experience indicates that 5% of the processors will have some defect during the warranty period and that the necessary repairs and adjustments will cost $100 per defective unit. Sales for August were $936,000. 30 units were reported defective and repaired in August. What is the August 31 journal entry for the estimated liability for product warranties for units sold in August? Estimated Liability for Product Warranty 7,800 Product Warranty Expense 7,800 OA 4,800 Product Warranty Expense Estimated Liability for Product Warranty B. 4,800 46,800 Product Warranty Expense . Estimated Liability for Product Warranty 46,800 7,800 Product Warranty Expense OD Estimated Liability for Product Warranty 7,800 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ar