Early in 2020, Sage Equipment Company sold 600 Rollomatics at $5,500 each. During 2020, Sage 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 Sage. Assume that Sage 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. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Format below:

Date Account Title (1) debit credit

Account Titlte (2) debit credit

Date Account Title (3) debit credit

Account Titlte (4) debit credit

Date Account Title (5) debit credit

Account Titlte (6) debit credit