Early in 2020, Stellar Equipment Company sold 500 Rollomatics at $5,900 each. During 2020, Stellar spent $18,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. Your answer is partially correct. Try again. Prepare 2020 entries for Stellar. Assume that Stellar estimates the total cost of servicing the warranties in the second year will be $37,000. (If no entry is required, select "No Entry for the account titles and enter 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.) Account Titles and Explanation Credit Date Debit At Sale Cash 2950000 Study Sales Revenue 2950000 E During 2020 Warranty Expense 18,000 Inventory 18,000 Dec 31, 2020 Warranty Expense 19000 Warranty Liability 19000 Prepare 2020 entries for Stellar assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $56,000 relates to sales of warranty contracts. Warranty costs incurred in 2020 were $18,000. Estimate revenues to be recognized on a straight-line basis. (Il 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, e.g. 1.54657 answers to o decimal places, 0.9. 5. 125. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit At Sale cash 2950000 Sales Revenue 2894000 Unearned Warranty Ren 56,000 Rudy During 2020 Warranty Expense 18,000 Inventory 18,000 DOC 31, 2020 Tuneared Warranty Reven 56,000 56,000 Warranty Revenue (To record warranty revenue