15 1 points 804429) On November 10, 2020, Singh Electronics began to buy and resell scanners for $52 each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company's cost for a new scanner is only $32. Singh estimates warranty costs based on 12% of the number of units sold. The following transactions occurred in 2020 and 2021 (ignore GST and PST): Nov. Dec. Block Jan. Print Required: 2020 15 Sold 3,500 scanners for $182,000 cash. 30 Recognized warranty expense for November with an adjusting entry. Replaced 130 scanners that were returned under the warranty. 15 Sold 7,500 scanners. 29 Replaced 36 scanners that were returned under the warranty. 31 Recognized warranty expense for December with an adjusting entry. 2021 14 Sold 375 scanners. 20 Replaced 48 scanners that were returned under the warranty. 31 Recognized warranty expense for January with an adjusting entry. 1. How much warranty expense should be reported for November and December 2020? Warranty Expense November December Total $ 0 1 15 points 044607 2. How much warranty expense should be reported for January 2021? (Round your intermediate calculations and final answer to the nearest whole number.) Warranty expense eBook 3. What is the balance of the estimated warranty liability as of December 31, 2020? Pret Warranty expense for November Warranty expense for December Cost of replacing items in December Liability balance 1 15 points 044550 4. What is the balance of the estimated warranty liability as of January 31, 2021? Beginning balance Warranty expense for January Cost of replacing items in January Liability balance eBook Print 5. Prepare journal entries to record ALL transactions and year-end adjustments (gnore sales taxes). (Round intermediate calculations and final answer to the nearest whole number.) View transaction list 1 15 points 04:45:36 5. Prepare journal entries to record ALL transactions and year-end adjustments (ignore sales taxes). (Round intermediate calculations and final answer to the nearest whole number.) View transaction list Journal entry worksheet eBook Print 1 2 3 4 5 7 ..... 12 Record the sale of scanners to customers. Note: Enter debits before credits Date November 15, 2020 General Journal Debit Credit