Review the following data related to warranties for a company's first year of operations: Actual warranty expenditures for the year, $385,180 Number of units sold for year, 182,700. Estimated percentage of units that will require repairs, 896. Estimated average repair, $60 Required Journalize the adjusting entry to accrue warranty expense for the year. Actual warranty expenditures were recorded as warranty expense when incurred Date Account Title Debit Credit Dec. 31