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2 3 . Part B i Need it fast plz answer part B i will upvote thank you. Early in 2 0 2 5 ,

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23. Part B i Need it fast plz answer part B i will upvote thank you. Early in 2025, Sarasota Equipment sold 500 Rollomatics at $6,300 each. During 2025, Sarasota spent $20,000 servicing the 2-year assurance warranties with inventory, Cash, and payables that accompany the Rollomatic. All sales transactions are on a cash basis.
(a)
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Prepare 2025 entries for Sarasota. Assume that Sarasota estimates the total cost of servicing the warranties in the second year will be $34,000. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented whes amount is entered. Do not indent manually. List all debit entries before credit entries.)
(b)
Prepare 2025 entries for Sarasota assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $55,000 relates to sales of warranty contracts. Warranty costs incurred in 2025 were $20,000. Estimate revenues to be recognized on a straight-line basis. (If no entry is required, select "No Enitry" for the account titles and enter O for the amounts. Credit account tities are autornatically indented when amount is entered. Do not indent manualh). Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Aocount Titles and Explanation
Debit
(Torecard the sale and related warranties)
(To record payment for warranty costs incurred)
(To recard revenue recognized on the service-type warranty)
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