Amber, Inc., sells its products with a one-year warranty. The estimated product warranty is 4% of sales. Assume that Amber had sales of $344,000 during January this year. On February 25, a customer received warranty repairs requiring $128 of labor and $76 of parts. Required: 1. Record the adjusting entry to accrue warranty expense on January 31, 2. Record the journal entry for the warranty work provided in February. Account Title Debit Credit Problem 2 (8.5 points) Assume, that on March 8, 2022, Whirlpool Corporation, borrowed $300 million cash from JP Morgan Chase to meet short-term obligations. Whirlpool signed a 6% note and promised to repay the $300 million in 150 days. All interest will be paid when the note is due. Assume the company records only the two entries: borrowing and payment. Use 360-day year and round your answer to the nearest dollar. Required: 1. Find the maturity date of the note. Maturity date is: 2. Record the issuance of the note on March 3. 3. Record payment of the note and interest at maturity. Account Titles Debit Credit