Recording Assurance-Type Warranty Liability Finisher Inc. sells merchandise for $450,000 in 2020 that includes a three-year limited warranty, Warranty costs are estimated to be 19 of sales. The company incurred actual costs of $1,440 in 2020 related to the warranties. a. Record the warranty accrual at the time of sale in 2020. b. Record the adjustment to the warranty accrual for actual warranty costs in 2020. Account Name Cr. . 0 0 D 0 b. 0 0 E pepe cen Cash and Payables Accounts Receivable Der Inventory Equipment Copyright Accounts Payable Accrued Compensation Deferred Revenue Estimated Litigation Liability Interest Payable Salaries Payable Sales Taxes Payable Warranty Liability Note Payable Discount on Note Payable Asset Retirement Obligation Sales Revenue Gift Card Breakage Revenue Warranty Revenue rep cen Deferred Revenue Estimated Litigation Liability Interest Payable en Salaries Payable Sales Taxes Payable Warranty Liability Note Payable Discount on Note Payable Asset Retirement Obligation Sales Revenue Gift Card Breakage Revenue Warranty Revenue Cost of Goods Sold Interest Expense Legal Expense Salaries Expense Warranty Expense Gain on Litigation Settlement Loss on Litigation Settlement N/A