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Accrued Product Warranty Logan Manufacturing Co. warrants its products for one year. The estimated product warranty is 3 of sales. Assume that ales were $265,000

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Accrued Product Warranty Logan Manufacturing Co. warrants its products for one year. The estimated product warranty is 3 of sales. Assume that ales were $265,000 for January. In February, a customer received warranty repairs requiring $225 of parts and $100 of labor. - Journalize the adjusting entry required at January 31, the end of the trut month of the current fiscal year, to record the scerved product warranty. If an amount box does not require an entry, leave it blank b. Journaline the entry to record the warranty work provided in February. If an amount te does not require an entry, leave it blank

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