Precision Audio Company warrants its products for one year. The estimated product warranty is 3 per cent of sales. Assume that sales were $600 000 for January. In February, a customer received warranty repairs requiring $310 worth of parts and $460 worth of labour. 

1. Journalise the adjusting entry required at 31 January, the end of the first month of the current year, to record the accrued product warranty. 

2. Journalise the entry to record the warranty work provided in February.