Saved Help Save & Exit Subm During August, Boxer Company sells $353,000 in merchandise that has a one year warranty Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $12,500 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,100 in parts for repairs. The entry to record the customer warranty repairs is: Multiple Choice Debit Warranty Expense $9,100, credit Estimated Warranty Liability $9,100 Debit Estimated Warranty Liability $9,100, credit Parts Inventory $9,100. Debit Warranty Expense $14,120, credit Estimated Warranty Liability $14,120. Debit Estimated Warranty Liability $14,120, credit Parts Inventory $14,120. Debit Warranty Expense $10,720, credit Estimated Warranty Liability $10,720. L