Creekside Appliances provides a warranty on its product and estimates warranty expense to be 2% of its sales. Total sales for 2020 was $550,000. a. Record the journal entry for the estimated warranty expense for 2020 b. In January 2021, Creekside has received two warranty claims. For one claim, Creekside refunded the customer $1,000 and for the other they replaced the product with inventory that cost $550. Record the journal entry for the warranty claims. Explanations not required Select accounts from the Chart of Accounts (Add additional accounts if required): Cash Sales revenue Cost of goods sold Warranty expense Inventory Warranty payable Q Format A/ David Company loaned Moira's Boutique $50,000 on July 1", 2021. The loan is ons in 'yserende interest rate of 3%. Meira's year-end is December 31" Record the journal entries for Moira's boutique a Moira receiving the funds on July 1, 2021 The accrual of interest at year-end c. Moira paying back David Company for the full amount of principal and interest Explanations not required. Srect accounts from the Chart of Accounts (Add additional accounts if required: Interest payable Accounts payable Notes payable Interest expense Notes receivable rast cavable Interest revenue Paragraph BI U Account Title