Additional Problem 21 Comptex Ltd sells computers. It provides a one-year warranty on the computer by way of parts and labour. During the year ended 30 June 2013, the company sold 1,000 computers for $1250 each. Previous experience indicates that the warranty claims amount to 2 per cent of sal the year ended 30 June 2013, Comptex repaired 50 computers. The cost of repair was $10 000 in parts and $7000 in labour. es revenue. For Required: Having regard to the Framework and relevant accounting standards: a. Explain whether the warranty should be treated as a liability in Comptex's financial statements for the year ended 30 June 2013. In your answer refer to the AASB Framework b. Prepare general journal entries in relation to the warranty for the year ended 30 June 2013