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10. On February 1, 2020, Zenith Motorcycles sells 40 motorcycles for $15,000 each. The motorcycles have a one year warranty and an extended warranty cove)

10. On February 1, 2020, Zenith Motorcycles sells 40 motorcycles for $15,000 each. The motorcycles have a one year warranty and an extended warranty cove) ring four additional years can be purchased for $500. One-half (20) customers purchased the extended warranty. The estimated costs for the one-year warranty are $200 per motorcycle. Prepare the journal entry for the sales on February 1.

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