Blue Company sold 188 color laser copiers on July 10, 2017, for $3,840 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $353. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $15,420.

Account Titles and Explanation Debit T Cash 721920 T Sales Revenue 66364 Warranty Expense Inventory (To record sale of the copiers) Warranty Expense 50944 T Warranty Liability (To record warranty costs) Credit 721920 50944 50944