Early in 2020, Nash Equipment Company sold 500 Rollomatics at $5.500 each. During 2020, Nash spent $22,000 servicing the 2 year assurance warranties that accompany the Rollomatic All sales transactions are on a cash basis. (a) Your answer is correct Prepare 2020 entries for Nash Assume that Nash 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 for the amounts. Credit account titles are automatically inderted 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 2750000 Sales Reven During 2020 Warranty Expand 22000 Cash Supplies Wales Puyable 3800 Oct 2020 Warranty Warranty by (6) Prepare 2020 entries for Nash assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $61,000 relates to sales of warranty contracts Warranty costs incurred in 2020 were $22,000. Estimate revenues to be recognized on a straight-line basis. (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. Round Intermediate calculations to 5 decimal places, eg. 1.54657 answers to decimal places, es. 5,125. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credil At Sale Cash 2750000 Sales Revens Unearned Warranty Revenue At Sale V Warranty Expense Cash Supplies. Wag Payable At Sale Ungarned Warranty Rewers Warranty Rew To record warranty revenue)