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what should be on debit and credit(? Question 4 of 7 0.4472 Current Attempt in Progress Cullumber Company began selling game consoles on November 1,

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Question 4 of 7 0.4472 Current Attempt in Progress Cullumber 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, Cullumber estimates that 1.80% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $20. In November, Cullumber sold 46,000 units and 570 defective units were returned. In December, Cullumber sold 49,000 units and 400 defective units were returned. The actual cost of replacing the defective units was $19,400. (a) Your answer is partially correct. 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 mquired select "No Entry"for the account tities and enter for the amounts) Debit Credit Date Account Titles and Explanation Warranty Expense Dec. 31 Warranty Libility To accrue warranty expense.) e Textbook and Media

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