Early in 2020, Nash Equipment Company sold 500 Rollomatics at $6,500 each. During 2020, Nash spent $21,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis.

Prepare 2020 entries for Nash. Assume that Nash estimates the total cost of servicing the warranties in the second year will be $39,000. (If no entry is required, select "No Entry" for the account titles and enter 0 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 SaleDuring 2020Dec. 31, 2020
At SaleDuring 2020Dec. 31, 2020
At SaleDuring 2020Dec. 31, 2020