Cooper Inc. sells smartphones for $1,000 each. Each smartphone comes with a 3 year warranty. Cooper accrues warranty expense as 5% of sales Cooper's cost to replace a smartphone is $150. Cooper sold 50,000 smartphones in April 2020. What is the dollar value of Cooper's April sales? How much should cooper reocrd as Warranty Expense for April? Prepare the journal entry to record April Warranty Expense. In July, 100 phones are returned. Prepare the journal entry to record the replacement of the returned phones