$5)$ A company sells its product subject to a warranty that covers the cost of parts and labour for repairs during the six months after sale. warranty costs are estimated to be $3\mathrm{.}5\%$ of sales for parts, and $1\mathrm{.}5\%$ of sales for labour. During the month of June, the company performed warranty work and used $$8,000$ worth of parts and paid $$4,000$ in wages for labour to do the warranty work. Sales for June amounted to $$450,000.$ Prepare

journal entries to record

A$)$ The warranty expense for june

B$)$ Warranty work performed in June

C$)$ Assuming a $$10,000$ credit balance on May $31,$ what should the warranty liability account balance be as of june $30?$