Sheridan Company began selling game consoles on November 1, 2021. The company offers a 75-day warranty for defective merchandise. Based on past experience with other similar products, Sheridan estimates that 2.10% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $14. In November, Sheridan sold 36,000 units and 480 defective units were returned. In December, Sheridan sold 50,000 units and 690 defective units were returned. The actual cost of replacing the defective units was $16,380, (a) Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue warranty expense.) eTextbook and Media List of Accounts