Current Attempt in Progress

Blossom Inc. began selling game consoles on November $1,2024.$ The company offers a $60-$day warranty for defective merchandise. Based on past experience with other similar products, Blossom estimates that $2\mathrm{.}20\%$ of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $$20.$ In November, Blossom sold $38,000$ units and $510$ defective units were returned. In December, Blossom sold $57,000$ units and $500$ defective units were returned. The actual cost of replacing the defective units was $$16,160.$

$($a$)$

Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December $31,2024.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Date Account Titles

Debit

Credit

Dec. $31$

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