Check my wol 8 ! Required information (The following information applies to the questions displayed below.) Part 1 of 5 1.92 points On October 29, Lobo Company began operations by purchasing razors for resale. The razors have a 90- day warranty. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $15 and its retail selling price is $70. The company expects warranty costs to equal 6% of dollar sales. The following transactions occurred. eBook Print November 11 November 30 December 9 December 16 December 29 December 31 January 5 January 17 January 31 Sold 70 razors for $4,900 cash. Recognized warranty expense related to November sales with an adjusting entry. Replaced 14 razors that were returned under the warranty. Sold 210 razors for $14,700 cash. Replaced 28 razors that were returned under the warranty. Recognized warranty expense related to December sales with an adjusting entry. Sold 140 razors for $9,800 cash. Replaced 33 razors that were returned under the warranty. Recognized warranty expense related to January sales with an adjusting entry. References Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook 1 2 3 4 5 6 7 8 12 > Print Record the sales revenue of 70 razors for $4,900 cash. References Note: Enter debits before credits. Date General Journal Debit Credit November 11 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the cost of goods sold for 70 razors. References Note: Enter debits before credits. Date General Journal Debit Credit November 11 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the estimated warranty expense at 6% of November sales. References Note: Enter debits before credits. Date General Journal Debit Credit November 30 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the replacement of 14 razors that were returned under the warranty. References Note: Enter debits before credits. Date General Journal Debit Credit December 09 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the sales revenue of 210 razors for $14,700 cash. References Note: Enter debits before credits. Date General Journal Debit Credit December 16 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the cost of goods sold for 210 razors. References Note: Enter debits before credits. Date General Journal Debit Credit December 16 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the replacement of 28 razors that were returned under the warranty. References Note: Enter debits before credits. Date General Journal Debit Credit December 29 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the estimated warranty expense at 6% of December sales. References Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the sales revenue of 140 razors for $9,800 cash. References Note: Enter debits before credits. Date General Journal Debit Credit January 05 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the cost of goods sold for 140 razors. References Note: Enter debits before credits. Date General Journal Debit Credit January 05 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook Print Record the replacement of 33 razors that were returned under the warranty. References Note: Enter debits before credits. Date General Journal Debit Credit January 17 Record entry Clear entry View general journal Check my wo 00 Required: 1. Prepare journal entries to record above transactions and adjustments. Part 1 of 5 View transaction list 1.92 points Journal entry worksheet eBook 1 5 6 7 8 9 10 11 12 > Print Record the adjusting entry for warranty expense for the month of January. References Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal