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$1,000 each on Rollomatic 1 Gonzalez Equip Company sold 1000 Rollomatics during 2020 at 2 During 2021 Gonzalez spent $35,000 servicing the 2-year warranties 3.

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$1,000 each on Rollomatic 1 Gonzalez Equip Company sold 1000 Rollomatics during 2020 at 2 During 2021 Gonzalez spent $35,000 servicing the 2-year warranties 3. All applicable transactions are on a cash basis. 4 Instructions 5 (a) 6. Prepare 2021 entries for Gonzalez using the expense warranty approach. 7 Assume that Gonzalez estimates the total cost of servicing the warranties will be 8 for 2 years $65.000

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