Accrued Product Warranty Parker Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $259,000 for January. In February, a customer received warranty repairs requiring $300 of parts and $105 of labor. For a compound transaction, if an amount box does not require an entry, leave it blank. Question Content Area 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. blank - Select - - Select - Question Content Area b. Journalize the entry to record the warranty work provided in February. blank - Select