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Early in 2020, Marin Equipment Company sold 400 Rollomatics at $6,100 each. During 2020, Marin spent $19,000 se year assurance warranties that accompany the Rollomatic.

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Early in 2020, Marin Equipment Company sold 400 Rollomatics at $6,100 each. During 2020, Marin spent $19,000 se year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Part 1 Prepare 2020 entries for Marin. Assume that Marin estimates the total cost of servicing the warranties in the second be $31,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the Date Account Titles and Explanation Debit - . Date Account Titles and Explanation Debit Credit

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