Moving to another question will save this response. 1 points Save Answer Question 4 During August, Arena Company sells $356,000 in product that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price The warranty liability account has a balance of $12,800 before adjustment Customers returned product for warranty repairs during the month that used $9.440 in parts for repairs. The entry to record the customer warranty repairs is: Debit Estimated Warranty Liability $17,800; credit Parts Inventory $17,800 Debit Estimated Warranty Liability $9,440; credit Parts Inventory $9,440 O Debit Estimated Warranty Liability $9,400; credit Parts Inventory $9,400 O Debit Warranty Expense $9,400; credit Estimated Warranty Liability $9,400