6 Required information (The following information applies to the questions displayed below.) 13.16 points Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against defects. Based on previous experience, Computer Wholesalers expects warranty costs to be approximately 5% of sales. Sales for the month of December are $480,000. Actual warranty expenditures in January of the following year were $17.000. eBook References 2. & 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the contingent liability for warranties. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet Record the receipt of revolving credit. Note: Enter debits before credits. General Journal Debit Credit Date January 13 Record entry Clear entry View general journal Journal entry worksheet Record the receipt of cash for gift cards. Note: Enter debits before credits. Date General Journal Debit Credit November 30 Record entry Clear entry View general journal Journal entry worksheet Record the revenue earned from redemption of gift cards. Note: Enter debits before credits. General Journal Debit Credit Date December 31