Brief Exercise 13-14 (Part Level Submission) Windsor Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contract. During 2017, Windsor sold 20,000 warranty contracts at $60 each. The corporation spent $167,000 servicing warranties during 2017, and it estimates that an additional $935,000 will be spent in the future to service the warranties. (0) Prepare Windsor's journal entry for the sale of contracts. Assume the service costs are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) for the Account Titles and Explanation Debit Credit Click If you would like to show Work for this questioni On Show Work Attempts: 2 of 15 used (b) your answer is correct. Prepare Concord's Journal entry for the cost of servicing the warranties. Assume the service costs are inventory costs. (If no entry is required, select " ed when amount is entered. Do not inden manually. Account Tities and Explanation Warranty pense T Inventory Click if you would like to Show Work for this question: Open Show Work Your answer is partially correct. Try again. Prepare Concore's journal entry for the recognition of warranty revenue. Assume the service costs are inventory costs. (Round Intermediate calculations to 5 decimal places, .g. 1.55467 and final answers to decimal places, eg. 5,125. If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Toneared Warranty Revenue Click If you would like to Show Work for this question: Coen Show Work