Review the following data related to warranties for a company's first year of operations: Actual warranty expenditures for the year, $234,260 Number of units sold for year, 140,900. Estimated percentage of units that will require repairs, 6%. Estimated average repair, $70. Required: Journalize the adjusting entry to accrue warranty expense for the year. Actual warranty expenditures were recorded as warranty expense when incurred. Date Debit Credit Account Title Dec. 31