Seved Help Save & Exit A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $170,000. The current period's entry to record the warranty expense is: Multiple Choice Debit Warranty Expense $3.400 credit Sales $3,400. Debit Warranty Expense $3,400 credit Estimated Warranty Liability $3,400 Debit Estimated Warranty Liability $3,400 credt Warranty Expense $8,400. Debit Estimated Warranty Liability $3,400 credit Cash $3,400 No entry is recorded until the items are returned for warranty repairs