Early in 2020, Ayayai Equipment Company sold 600 Rollomatics at $5,500 each. During 2020, Ayayai spent $19,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Prepare 2020 entries for Ayayai. Assume that Ayayai estimates the total cost of servicing the warranties in the second year will be $32,000. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Cred

+ Chapter 13 Homework Question 5 of 5