Required information A company sells a product with a quality assurance warranty The company estimates Warranty costs to be 5% of sales For 2021. sales were $180,000. Actual warranty costs paid during 2021 totaled $8,640 The warranty liability had a balance of $59.160 at the end of 2021 Use the information above to answer the questions below The journal entry to record the payment of actual warranty expenditures will include a Click to see Click to debit to Estimated Warranty Liability for $9,000 credit to Estimated Warranty Liability for $9.000 debit to Estimated Warranty Liability for $8 640 credit to Estimated Warranty Liability for $8.640