7, a customer received warranty repairs requiring $205 of parts and $75 of labor. a. Journalize the adjusting entry required at January 31 , the end of the first month of the current fiscal year, to record the accrued product warranty. If an amount box does not require an entry, leave it blank. Feedback Check My Work The accrued product warranty amount is recorded in the same period in which the sale is recorded, therefore following the matching concept