Save Save & Exit submit 7. value: 3.44 points Time remaining: 2:46:22 A company estimates that warranty expense will be 4% of sales. The company' sales for the current period are $233,000. The current period's entry to record the warranty expense is: O Debit Warranty Expense $9320 credit sales $9320. O Debit warranty Expense $9320 credit Estimated warranty Liability $9320. O Debit Estimated warranty Liability $9320 credit warranty Expense $7400. O Debit Estimated warranty Liability $9320 credit Cash $9320 O No entry is recorded until the items are returned for warranty repairs