Early in 2020, Metlock Equipment Company sold 500 Rollomatics at $6,200 each. During 2020, Metlock spent $19,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. . Your answer is partially correct. Prepare 2020 entries for Metlock. Assume that Metlock estimates the total cost of servicing the warranties in the second year will be $38,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit At Sale Cash 3100000 Sales Revenue 3100000 During 2020 Warranty Expense 19000 Cash, Supplies, Wages Payable 19000 Dec. 31, 2020 Warranty Expense 19000 Warranty Liability 19000