Question 34 (3 points) Dec. 31 Prepare the adjusting entry for the estimated warranty liability. Assuming that the 1,000 units were the only units sold for the year and 3% of the units are estimated to be defective with an estimated cost of $65 per unit. No warranty claims have been made during the current year. Write debit account and amount in 1st blank. Write credit account and amount in 2nd blank. Blank # 1 Blank # 2 Question 35 (2 points) Dec. 31 Fig Furniture Company offers monthly rental services to their customers. Corporate customers pay for a whole year of rental service in advance. Prepare the adjusting journal entry for rental revenue for the month of December assuming that monthly entries have been made all year. Write debit account and amount in 1st blank. Write credit account and amount in 2nd blank. Blank # 1 Blank # 2